Great Portland Estates (GPOR) Price Target Lowered to GBX 665 at Goldman Sachs

Great Portland Estates (LON:GPOR) had its price objective lowered by stock analysts at Goldman Sachs from GBX 675 ($9.48) to GBX 665 ($9.33) in a research note issued on Wednesday, March 14th. The firm presently has a “neutral” rating on the stock. Goldman Sachs’ price objective indicates a potential downside of 3.90% from the company’s previous close.

Other equities research analysts have also issued research reports about the stock. Credit Suisse Group upgraded shares of Great Portland Estates to an “outperform” rating and increased their price objective for the company from GBX 630 ($8.84) to GBX 740 ($10.39) in a research note on Wednesday, December 6th. Deutsche Bank reissued a “hold” rating and set a GBX 620 ($8.70) target price on shares of Great Portland Estates in a research report on Thursday, November 16th. JPMorgan Chase reissued a “neutral” rating and set a GBX 710 ($9.97) target price on shares of Great Portland Estates in a research report on Thursday, November 16th. Numis Securities raised shares of Great Portland Estates to an “add” rating and set a GBX 725 ($10.18) target price for the company in a research report on Friday, March 2nd. Finally, Liberum Capital reissued a “hold” rating and set a GBX 660 ($9.26) target price on shares of Great Portland Estates in a research report on Monday, December 18th. Four investment analysts have rated the stock with a sell rating, seven have issued a hold rating and two have issued a buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus price target of GBX 657.38 ($9.23).

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Shares of LON GPOR traded up GBX 4.20 ($0.06) during trading on Wednesday, hitting GBX 692 ($9.71). 1,350,538 shares of the company traded hands, compared to its average volume of 972,322. Great Portland Estates has a fifty-two week low of GBX 582 ($8.17) and a fifty-two week high of GBX 702 ($9.85).

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About Great Portland Estates

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.

Analyst Recommendations for Great Portland Estates (LON:GPOR)

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