Great Portland Estates (LON:GPE – Get Rating)‘s stock had its “underperform” rating reiterated by analysts at Royal Bank of Canada in a research note issued on Friday, Marketbeat Ratings reports. They currently have a GBX 600 ($7.40) price objective on the stock. Royal Bank of Canada’s price objective would indicate a potential downside of 9.37% from the stock’s previous close.
A number of other equities research analysts also recently commented on the company. JPMorgan Chase & Co. raised Great Portland Estates to an “overweight” rating and raised their target price for the company from GBX 780 ($9.62) to GBX 900 ($11.10) in a report on Wednesday, April 13th. Citigroup reissued a “neutral” rating on shares of Great Portland Estates in a report on Monday, March 14th. Finally, Barclays reissued an “overweight” rating and issued a GBX 700 ($8.63) target price on shares of Great Portland Estates in a report on Monday.
Great Portland Estates stock traded up GBX 7.50 ($0.09) during midday trading on Friday, reaching GBX 662 ($8.16). The company’s stock had a trading volume of 48,660 shares, compared to its average volume of 312,442. Great Portland Estates has a fifty-two week low of GBX 608 ($7.50) and a fifty-two week high of GBX 748 ($9.22). The company has a quick ratio of 0.51, a current ratio of 0.54 and a debt-to-equity ratio of 24.29. The company’s 50 day simple moving average is GBX 695.87. The company has a market capitalization of £1.68 billion and a price-to-earnings ratio of 112.29.
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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