Great Portland Estates’ (GPE) “Overweight” Rating Reiterated at Barclays

Great Portland Estates (LON:GPEGet Rating)‘s stock had its “overweight” rating restated by Barclays in a note issued to investors on Friday, MarketBeat reports. They presently have a GBX 700 ($8.74) price objective on the stock. Barclays‘s target price suggests a potential upside of 3.17% from the stock’s previous close.

Other research analysts also recently issued research reports about the stock. JPMorgan Chase & Co. upgraded shares of Great Portland Estates to an “overweight” rating and upped their target price for the stock from GBX 780 ($9.74) to GBX 900 ($11.24) in a research note on Wednesday, April 13th. Citigroup reaffirmed a “neutral” rating on shares of Great Portland Estates in a research report on Monday, March 14th. Finally, Royal Bank of Canada reissued an “underperform” rating and issued a GBX 625 ($7.81) target price on shares of Great Portland Estates in a report on Tuesday, April 12th.

Shares of Great Portland Estates stock opened at GBX 678.50 ($8.48) on Friday. Great Portland Estates has a 1 year low of GBX 608 ($7.60) and a 1 year high of GBX 748 ($9.34). The stock has a market capitalization of £1.72 billion and a P/E ratio of 115.93. The company has a current ratio of 0.54, a quick ratio of 0.51 and a debt-to-equity ratio of 24.29.

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.

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