Great Portland Estates (GPE)

Sector:

Property Investment Trusts

Index:

FTSE 250

397.50p
   
  • Change Today:
      7.00p
  • 52 Week High: 534.50
  • 52 Week Low: 356.20
  • Currency: UK Pounds
  • Shares Issued: 253.87m
  • Volume: 380,789
  • Market Cap: £1,009.12m
  • RiskGrade: 82
  • Beta: 0.03

Goldman upgrades Great Portland, Derwent London

By Michele Maatouk

Date: Friday 15 Sep 2023

LONDON (ShareCast) - (Sharecast News) - Goldman Sachs upgraded its stance on Great Portland Estates and Derwent London on Friday.
GPE was lifted to 'neutral' from 'sell' and the price target to 400p from 360p. The bank said it expects West End market locations, particularly "core", to deliver a better fundamental asset performance than previously anticipated.

Meanwhile, Derwent was upgraded to 'buy' from 'neutral' and the price target bumped up to 2,090p from 1,960p.

Goldman said it has greater confidence in West End market fundamentals and that the 14% share price underperformance versus peers in the last three months has created a "steep" valuation discount.

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Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

Note 2: RiskGrade figures are provided by RiskMetrics.

 

GPE Market Data

Currency UK Pounds
Share Price 397.50p
Change Today 7.00p
% Change 1.79 %
52 Week High 534.50
52 Week Low 356.20
Volume 380,789
Shares Issued 253.87m
Market Cap £1,009.12m
Beta 0.03
RiskGrade 82

GPE Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
56.13% above the market average56.13% above the market average56.13% above the market average56.13% above the market average56.13% above the market average
7.69% above the sector average7.69% above the sector average7.69% above the sector average7.69% above the sector average7.69% above the sector average
Price Trend
52.42% below the market average52.42% below the market average52.42% below the market average52.42% below the market average52.42% below the market average
73.33% below the sector average73.33% below the sector average73.33% below the sector average73.33% below the sector average73.33% below the sector average
Income
57.29% below the market average57.29% below the market average57.29% below the market average57.29% below the market average57.29% below the market average
100% below the sector average100% below the sector average100% below the sector average100% below the sector average100% below the sector average
Growth
76.4% below the market average76.4% below the market average76.4% below the market average76.4% below the market average76.4% below the market average
92.86% below the sector average92.86% below the sector average92.86% below the sector average92.86% below the sector average92.86% below the sector average

What The Brokers Say

Strong Buy 2
Buy 5
Neutral 7
Sell 2
Strong Sell 3
Total 19
neutral
Broker recommendations should not be taken as investment advice, and are provided by the authorised brokers listed on this page.

GPE Dividends

  Latest Previous
  Interim Final
Ex-Div 23-Nov-23 01-Jun-23
Paid 04-Jan-24 10-Jul-23
Amount 4.70p 7.90p

Trades for 02-May-2024

Time Volume / Share Price
16:35 199,445 @ 397.50p
16:35 6 @ 397.50p
16:35 2,845 @ 397.50p
16:35 2,517 @ 397.50p
16:35 1,331 @ 397.50p

GPE Key Personnel

CEO Toby Courtauld

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