Will shares in Great Portland Estates (GPOR.L) continue to new highs?

• The share price performance has been very strong, now trading at 945.2p (at time of writing), .
• Will we see an end to the trend, or is the momentum set to continue?
• Could this be the ideal opportunity for those seeking a momentum play?
• Whilst the trend has been relentless, remember that strong past performance may not always continue.
• Technical traders should be mindful of new events, which can influence price action. Check our website and news outlets for updates.
• Shares -0% from 12-month highs; +45% from 12 month lows.

Latest News

06 Feb:  Great Portland Estates announced it had agreed a £450m ESG-linked revolving credit facility, at a margin of 90 basis points about the London inter-bank rate. The deal was agreed with a group of five banks, with which it has an existing relationship.

05 Feb:  Numis has upgraded its rating on Great Portland Estates (GPOR) to add (from hold).

27 Jan:  Liberum Capital reiterates its hold rating on Great Portland Estates (GPOR) and increased the target price to 960p (from 700p).

16 Jan:  JP Morgan Cazenove reiterates its neutral rating on Great Portland Estates (GPOR) and increased the target price to 880p (from 845p).

15 Jan:  Bank of America Merrill Lynch has upgraded its rating on Great Portland Estates (GPOR) to buy (from neutral) and increased the target price to 960p (from 820p).

10 Jan:  Great Portland Estates announced it had agreed to sell a London property to an overseas investor in a deal worth £64.50m.

06 Jan:  UBS reiterates its buy rating on Great Portland Estates (GPOR) and increased the target price to 965p (from 830p).

Source: Bloomberg, Reuters, Alpha Terminal, FT, DJ Newswires

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