Brokerages Set Great Portland Estates PLC (LON:GPOR) Price Target at GBX 724.09

09 Dec 2019, 16:46 by Renee Jackson

Great Portland Estates PLC (LON:GPOR) has been given a consensus recommendation of “Hold” by the fifteen brokerages that are currently covering the firm, Marketbeat Ratings reports. Five equities research analysts have rated the stock with a sell rating, six have issued a hold rating and four have issued a buy rating on the company. The average 12 month target price among brokers that have issued ratings on the stock in the last year is GBX 740.50 ($9.74).

A number of analysts recently weighed in on the stock. Deutsche Bank increased their price objective on shares of Great Portland Estates from GBX 820 ($10.79) to GBX 890 ($11.71) and gave the stock a “buy” rating in a report on Friday, November 22nd. Morgan Stanley raised shares of Great Portland Estates to an “overweight” rating and increased their price objective for the stock from GBX 750 ($9.87) to GBX 870 ($11.44) in a report on Thursday, November 28th. Panmure Gordon raised shares of Great Portland Estates to a “buy” rating and increased their price objective for the stock from GBX 842 ($11.08) to GBX 921 ($12.12) in a report on Friday. Goldman Sachs Group increased their price objective on shares of Great Portland Estates from GBX 583 ($7.67) to GBX 625 ($8.22) and gave the stock a “sell” rating in a report on Tuesday, November 5th. Finally, Berenberg Bank increased their price objective on shares of Great Portland Estates from GBX 630 ($8.29) to GBX 700 ($9.21) and gave the stock a “sell” rating in a report on Friday, November 15th.

Shares of GPOR stock traded up GBX 3.60 ($0.05) during trading hours on Friday, reaching GBX 858.20 ($11.29). The stock had a trading volume of 917,719 shares, compared to its average volume of 972,322. The company has a debt-to-equity ratio of 16.98, a current ratio of 0.49 and a quick ratio of 0.46. Great Portland Estates has a twelve month low of GBX 643.80 ($8.47) and a twelve month high of GBX 844.20 ($11.10). The firm has a 50-day simple moving average of GBX 799.10 and a 200-day simple moving average of GBX 729.08. The firm has a market capitalization of $2.17 billion and a PE ratio of 38.31.

The business also recently announced a dividend, which will be paid on Thursday, January 2nd. Shareholders of record on Thursday, November 21st will be paid a dividend of GBX 4.70 ($0.06) per share. The ex-dividend date is Thursday, November 21st. This represents a yield of 0.61%. Great Portland Estates’s payout ratio is 0.58%.

About Great Portland Estates

We are a FTSE 250 property investment and development company owning £2.6 billion of real estate in central London. We proactively manage our portfolio, flexing our activities in tune with London's property cycle to deliver long-term out-performance. We create in-demand spaces that people want to be part of; helping our occupiers, local communities and the city to thrive.