Deutsche Bank Boosts Great Portland Estates (GPOR) Price Target to GBX 720

Great Portland Estates (LON:GPOR) had its price objective boosted by Deutsche Bank from GBX 685 ($9.19) to GBX 720 ($9.66) in a report published on Tuesday morning. The firm currently has a hold rating on the stock.

A number of other brokerages have also issued reports on GPOR. Citigroup increased their target price on shares of Great Portland Estates from GBX 700 ($9.39) to GBX 735 ($9.86) and gave the company a neutral rating in a research report on Wednesday, May 2nd. Peel Hunt reiterated a hold rating and issued a GBX 650 ($8.72) target price on shares of Great Portland Estates in a research report on Monday, April 23rd. BNP Paribas upgraded shares of Great Portland Estates to a neutral rating and increased their target price for the company from GBX 660 ($8.86) to GBX 700 ($9.39) in a research report on Thursday, April 5th. JPMorgan Chase & Co. reiterated a neutral rating on shares of Great Portland Estates in a research report on Wednesday, April 4th. Finally, Morgan Stanley increased their target price on shares of Great Portland Estates from GBX 620 ($8.32) to GBX 660 ($8.86) and gave the company an underweight rating in a research report on Tuesday, March 13th. Four research analysts have rated the stock with a sell rating, nine have issued a hold rating and one has given a buy rating to the company’s stock. The company has an average rating of Hold and a consensus price target of GBX 673.43 ($9.04).

Great Portland Estates stock opened at GBX 690 ($9.26) on Tuesday. Great Portland Estates has a one year low of GBX 582 ($7.81) and a one year high of GBX 702 ($9.42).

Great Portland Estates (LON:GPOR) last released its quarterly earnings results on Wednesday, May 23rd. The company reported GBX 20.40 ($0.27) EPS for the quarter, topping the consensus estimate of GBX 19.70 ($0.26) by GBX 0.70 ($0.01). Great Portland Estates had a negative net margin of 118.76% and a negative return on equity of 5.49%.

The firm also recently disclosed a dividend, which will be paid on Monday, July 9th. Stockholders of record on Thursday, May 31st will be given a dividend of GBX 7.30 ($0.10) per share. This is a positive change from Great Portland Estates’s previous dividend of $6.40. The ex-dividend date is Thursday, May 31st. This represents a dividend yield of 1.11%.

About Great Portland Estates

We are a FTSE 250 property investment and development company owning over £3.2 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 outperformance. We create in-demand spaces that people want to be part of; helping our occupiers, local communities and the city to thrive.

Analyst Recommendations for Great Portland Estates (LON:GPOR)

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