JPMorgan Chase & Co. Cuts Great Portland Estates (LON:GPOR) Price Target to GBX 630 – MarketBeat

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Great Portland Estates (LON:GPOR) had its price objective reduced by JPMorgan Chase & Co. from GBX 660 ($8.12) to GBX 630 ($7.75) in a research report issued to clients and investors on Wednesday, ThisIsMoney.Co.Uk reports. The brokerage currently has a “neutral” rating on the stock. JPMorgan Chase & Co.‘s target price would indicate a potential downside of 0.32% from the stock’s previous close.

GPOR has been the topic of several other reports. Deutsche Bank reduced their price objective on Great Portland Estates from GBX 850 ($10.46) to GBX 730 ($8.98) and set a “hold” rating on the stock in a research report on Thursday, May 21st. Morgan Stanley reduced their price objective on Great Portland Estates from GBX 920 ($11.32) to GBX 720 ($8.86) and set an “overweight” rating on the stock in a research report on Monday, May 11th. Jefferies Financial Group upgraded Great Portland Estates to a “buy” rating and increased their price objective for the company from GBX 700 ($8.61) to GBX 790 ($9.72) in a research report on Thursday, April 2nd. Berenberg Bank increased their price objective on Great Portland Estates from GBX 700 ($8.61) to GBX 800 ($9.84) and gave the company a “sell” rating in a research report on Wednesday, May 6th. Finally, Goldman Sachs Group reduced their price objective on Great Portland Estates from GBX 741 ($9.12) to GBX 672 ($8.27) and set a “neutral” rating on the stock in a research report on Monday, June 8th. Four analysts have rated the stock with a sell rating, five have issued a hold rating and six have given a buy rating to the company. Great Portland Estates presently has a consensus rating of “Hold” and an average target price of GBX 744.14 ($9.16).


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Shares of LON GPOR opened at GBX 632 ($7.78) on Wednesday. Great Portland Estates has a one year low of GBX 518.60 ($6.38) and a one year high of GBX 971.80 ($11.96). The company has a debt-to-equity ratio of 22.23, a current ratio of 1.86 and a quick ratio of 1.84. The business’s fifty day moving average price is GBX 650.82 and its 200-day moving average price is GBX 770.22. The stock has a market capitalization of $1.62 billion and a PE ratio of 31.60.

Great Portland Estates (LON:GPOR) last issued its quarterly earnings data on Wednesday, May 20th. The company reported GBX 22 ($0.27) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of GBX 21.30 ($0.26) by GBX 0.70 ($0.01). As a group, equities analysts expect that Great Portland Estates will post 1956.9999534 EPS for the current fiscal year.

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.

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