Great Portland Estates (OTCMKTS:GPEAF) Upgraded at Zacks Investment Research

Great Portland Estates (OTCMKTS:GPEAFGet Rating) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a report released on Friday, Zacks.com reports.

According to Zacks, “Great Portland Estates PLC provides property investment and development services. It operating business models includes Asset management, Investment management, Development management and Financial management. Asset management produces tailor made solutions to drive rental growth and minimize voids. Investment management buys and sells at the right point of portfolio returns. Development management upgrades their portfolio with targeted capital expenditure improves its tenant appeal, enhancing rental values and capital returns. Financial management provides security in its cyclical markets and firepower to buy when opportunities arise. Great Portland Estates PLC is headquartered in London, the United Kingdom. “

A number of other brokerages also recently issued reports on GPEAF. Barclays reiterated a “buy” rating and issued a $700.00 price target on shares of Great Portland Estates in a report on Wednesday, April 13th. JPMorgan Chase & Co. upgraded Great Portland Estates from a “neutral” rating to an “overweight” rating in a report on Wednesday, April 13th. Finally, Berenberg Bank downgraded Great Portland Estates from a “buy” rating to a “hold” rating in a report on Tuesday, January 11th. Four equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. Based on data from MarketBeat.com, Great Portland Estates currently has an average rating of “Hold” and a consensus price target of $240.77.

OTCMKTS GPEAF remained flat at $$9.64 on Friday. The company has a fifty day moving average of $9.05 and a 200-day moving average of $9.84. Great Portland Estates has a 1-year low of $8.00 and a 1-year high of $10.24.

About Great Portland Estates (Get Rating)

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.

Read More

Get a free copy of the Zacks research report on Great Portland Estates (GPEAF)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Analyst Recommendations for Great Portland Estates (OTCMKTS:GPEAF)

Receive News & Ratings for Great Portland Estates Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Great Portland Estates and related companies with MarketBeat.com's FREE daily email newsletter.