Shares of Great Portland Estates Plc (LON:GPOR) have earned a consensus recommendation of “Hold” from the twelve analysts that are covering the firm, MarketBeat reports. Two investment analysts have rated the stock with a sell rating, eight have issued a hold rating and two have assigned a buy rating to the company. The average 1-year price objective among analysts that have issued a report on the stock in the last year is GBX 651.83 ($9.15).
A number of research analysts have recently commented on the company. Credit Suisse Group upgraded Great Portland Estates to an “outperform” rating and increased their price objective for the company from GBX 630 ($8.85) to GBX 740 ($10.39) in a report on Wednesday, December 6th. Liberum Capital reiterated a “hold” rating and issued a GBX 660 ($9.27) price objective on shares of Great Portland Estates in a report on Wednesday, November 15th. Numis Securities restated a “hold” rating and set a GBX 666 ($9.35) price target on shares of Great Portland Estates in a research note on Thursday, January 25th. Peel Hunt restated a “hold” rating and set a GBX 650 ($9.13) price target on shares of Great Portland Estates in a research note on Thursday, January 25th. Finally, Jefferies Group restated an “underperform” rating and set a GBX 525 ($7.37) price target on shares of Great Portland Estates in a research note on Thursday, November 16th.
Great Portland Estates (LON GPOR) traded down GBX 12.50 ($0.18) on Tuesday, hitting GBX 640 ($8.99). The stock had a trading volume of 1,092,026 shares, compared to its average volume of 845,399. Great Portland Estates has a fifty-two week low of GBX 582 ($8.17) and a fifty-two week high of GBX 702 ($9.86).
Great Portland Estates (LON:GPOR) last released its quarterly earnings data on Wednesday, November 15th. The company reported GBX 9.60 ($0.13) EPS for the quarter, beating analysts’ consensus estimates of GBX 8.30 ($0.12) by GBX 1.30 ($0.02). Great Portland Estates had a negative return on equity of 5.49% and a negative net margin of 118.76%. The business had revenue of GBX 6,540 million for the quarter.
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Great Portland Estates Company Profile
Great Portland Estates plc, through its subsidiaries, operates as a real estate investment trust (REIT). It develops freehold and leasehold, residential, retail, and office properties in London. The company has elected to be treated as a REIT under the Internal Revenue Code and would not be subject to federal income tax, provided it distributes approximately 90% of its taxable income to its shareholders.
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