Rating Alert: Great Portland Estates PLC (LON:GPOR) “Hold” Rating Reconfirmed by HSBC; With GBX 664.00 Target

November 29, 2016 - By Marie Mckinney

Great Portland Estates PLC (LON:GPOR) Rating

Expert analysts at HSBC have GBX 664.00 target price on Great Portland Estates PLC (LON:GPOR). HSBC’s target price gives a potential upside of 10.57% from the company’s close price. The rating was disclosed to clients in analysts note on Tuesday morning.

Great Portland Estates PLC (LON:GPOR) Ratings Coverage

Out of 22 analysts covering Great Portland Estates PLC (LON:GPOR), 12 rate it a “Buy”, 3 “Sell”, while 7 “Hold”. This means 55% are positive. GBX 2000 is the highest target while GBX 1 is the lowest. The GBX 758.85 average target is 26.16% above today’s (GBX 601.5) stock price. Great Portland Estates PLC has been the topic of 130 analyst reports since August 3, 2015 according to StockzIntelligence Inc. The rating was maintained by Jefferies with “Underperform” on Friday, August 19. As per Thursday, February 11, the company rating was maintained by JP Morgan. The firm has “Outperform” rating given on Monday, June 20 by BNP Paribas. The firm earned “Buy” rating on Friday, February 12 by Canaccord Genuity. Panmure Gordon maintained Great Portland Estates PLC (LON:GPOR) rating on Wednesday, November 11. Panmure Gordon has “Buy” rating and GBX 1010 price target. Credit Suisse maintained it with “Outperform” rating and GBX 1020 target price in Monday, October 26 report. On Wednesday, November 2 the stock rating was maintained by Goldman Sachs with “Neutral”. The firm earned “Underweight” rating on Wednesday, August 31 by Morgan Stanley. The rating was maintained by Goldman Sachs on Tuesday, September 15 with “Buy”. Deutsche Bank maintained it with “Buy” rating and GBX 1000 target price in Wednesday, September 23 report.

About 250,617 shares traded hands. Great Portland Estates PLC (LON:GPOR) has declined 20.18% since May 2, 2016 and is downtrending. It has underperformed by 25.44% the S&P500.

Analysts await Gulfport Energy Corporation (NASDAQ:GPOR) to report earnings on February, 15. They expect $0.21 EPS, up 2,200.00% or $0.22 from last year’s $-0.01 per share. GPOR’s profit will be $26.00M for 30.48 P/E if the $0.21 EPS becomes a reality. After $0.16 actual EPS reported by Gulfport Energy Corporation for the previous quarter, Wall Street now forecasts 31.25% EPS growth.

Insitutional Activity: The institutional sentiment decreased to 1.13 in 2016 Q2. Its down 0.33, from 1.46 in 2016Q1. The ratio is negative, as 36 funds sold all Great Portland Estates PLC shares owned while 78 reduced positions. 46 funds bought stakes while 121 increased positions. They now own 126.76 million shares or 1.42% less from 128.59 million shares in 2016Q1.

Northern Tru accumulated 0.01% or 985,801 shares. Boston Ptnrs, a Massachusetts-based fund reported 277,400 shares. Barclays Public Limited Co has invested 0% of its portfolio in Great Portland Estates PLC (LON:GPOR). Van Eck Assocs has 3.91 million shares for 0.63% of their US portfolio. Moreover, Wealthtrust has 0% invested in Great Portland Estates PLC (LON:GPOR) for 190 shares. The Missouri-based Century has invested 0.04% in Great Portland Estates PLC (LON:GPOR). Omega Advsr Inc holds 208,900 shares or 0.18% of its portfolio. The Pennsylvania-based Glenmede Comm Na has invested 0.21% in Great Portland Estates PLC (LON:GPOR). Seven Eight Ltd Liability Corporation accumulated 0.12% or 11,313 shares. State Of Wisconsin Board holds 81,770 shares or 0.01% of its portfolio. Castleark Ltd Llc, a Illinois-based fund reported 116,580 shares. Wedge Management L Ltd Partnership Nc holds 0.14% or 431,937 shares in its portfolio. Independent Consultants, a Florida-based fund reported 6,500 shares. Wolverine Asset Management Limited Liability Corp holds 5,700 shares or 0% of its portfolio. Capstone Asset Mngmt has invested 0.01% of its portfolio in Great Portland Estates PLC (LON:GPOR).

Insider Transactions: Since June 7, 2016, the stock had 0 insider purchases, and 3 insider sales for $994,370 net activity. $320,000 worth of shares were sold by Baldwin Steve on Tuesday, June 7. 20,000 shares were sold by Moore Michael G, worth $659,088.

Great Portland Estates plc is a property investment and development company. The company has a market cap of 2.07 billion GBP. The Firm holds office, retail and residential properties in central London. It has a 16.94 P/E ratio. GPE’s properties have tenants from various industry sectors, such as retailers and leisure, technology, media and telecoms, professional services, banking and finance, corporate and Government.

According to Zacks Investment Research, “Gulfport Energy owns and operates mature oil and gas properties in the Louisiana Gulf Coast area. The company seeks to achieve reserve growth and increased cash flow from operations through low risk development activities on its existing properties and acquiring additional Louisiana Gulf Coast properties with exploitation and exploration potential.”

GPOR Company Profile

Gulfport Energy Corporation (Gulfport), incorporated on June 20, 1997, is an independent oil and natural gas exploration and production firm focused on the exploration, exploitation, acquisition and production of natural gas, natural gas liquids and crude oil in the United States. The Firm has developed an oil and natural gas portfolio of proved reserves, as well as development and exploratory drilling opportunities on conventional and unconventional oil and natural gas prospects. The Company’s principal properties are located in the Utica Shale primarily in Eastern Ohio and along the Louisiana Gulf Coast in the West Cote Blanche Bay (WCBB), and Hackberry fields. In addition, the Company has interest in producing properties in the Niobrara Formation of Northwestern Colorado and the Bakken Formation. The Firm also holds an acreage position in the Alberta oil sands in Canada through its interest in Grizzly Oil Sands ULC (Grizzly), and interests in an entity that operates in the Phu Horm gas field in Thailand.

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