Great Portland Estates (GPOR.L) has continued to rally strongly, setting new recent highs. Will the momentum persist?

• Now trading at 805p (at time of writing), momentum has been robust.
• Will it end, or is this trend your friend?
• Is this the opportunity for momentum traders?
• Momentum has been robust, but traders should remember that past performance is not always an indication of the future.
• Technical traders should be mindful of breaking news. It can influence price action. Check our website for updates.
• Shares -0% from 12-month highs; +24% from 12 month lows.

Latest News

10 Oct:  Berenberg reiterates its sell rating on Great Portland Estates (GPOR) and increased the target price to 630p (from 600p).

04 Jul:  Great Portland Estates announced that it had seen ‘positive activity’ in Q1, driven by ‘healthy’ leasing and ‘excellent’ progress at some of its development schemes.

25 Jun:  Credit Suisse has downgraded its rating on Great Portland Estates (GPOR) to neutral (from outperform) and reduced the target price to 775p  (from 830p).

18 Jun:  Barclays Capital reiterates its underweight rating on Great Portland Estates (GPOR) and increased the target price to 650p (from 600p).

04 Jun:  Goldman Sachs has downgraded its rating on Great Portland Estates (GPOR) to sell (from neutral) and reduced the target price to 585p  (from 616p).

22 May:  Great Portland Estates posted lower pre-tax profits, due falling rental income. For the full year, pre-tax profit declined by 26.9% to £56.1m.

24 Apr:  Deutsche Bank has upgraded its rating on Great Portland Estates (GPOR) to buy (from hold) and increased the target price to 820p (from 720p).

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

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