Great Portland Estates sells Park Crescent West
26th Jun 2013 09:18
Great Portland Estates' (GPE) has sold London asset Park Crescent West to PCW Property Holding for 105m pounds. Park Crescent West is the last remaining asset under the Great Capital Partnership (GCP), a joint venture between GPE and Capital and Counties Properties (Capco). The sale price is 8.6%
Read moreThursday broker round-up UPDATE
20th Jun 2013 08:43
Ashtead Group: Jefferies takes target price from 690p to 750p and leaves its buy recommendation unchanged. ASOS: Deutsche Bank increases target price from 3300p to 3800p and reiterates a hold recommendation. Atkins: Liberum Capital takes target price from 1020p to 1100p and maintains a buy recomme
Read moreFTSE 250 movers: Resources lead the rise after recent slump
14th Jun 2013 15:05
Resource stocks were making advancing strongly on the FTSE 250 on Friday as the sector rebounded after a turbulent week owing to the wider market volatility. Oil explorer Afren led the risers with a gain of nearly 9.0% as West Texas crude oil prices rose to a nine-month high of $98.02 a barrel (up
Read moreBroker tips: Rolls-Royce, Glencore Xstrata, Great Portland
14th Jun 2013 12:54
Investec has upgraded power-systems giant Rolls-Royce from 'add' to 'buy', saying that profitability is on an upwards trajectory and higher payouts for shareholders could be on the cards. "Rolls-Royce?s long-term and highly visible growth story is understood by the market. However, we argue its pow
Read moreBroker snap: UBS upgrades Great Portland Estates to 'buy'
14th Jun 2013 12:50
UBS has upgraded its rating for property group Great Portland Estates from 'neutral' to 'buy', saying that the recent pull-back in the share price has created an opportunity to build positions. The broker said that the company's results in May confirmed a "strong performance" with a return on equit
Read moreFriday broker round-up UPDATE
14th Jun 2013 08:15
Amlin: UBS starts with a target price of 400p and a neutral rating. Cairn Energy: JP Morgan takes target price from 320p to 340p maintaining a neutral rating. Catlin: UBS initiates with a target price of 475p and a neutral rating. Chemring: Credit Suisse increases target price from 210p to 260p a
Read moreThursday broker round-up UPDATE
6th Jun 2013 07:37
Aggreko: Goldman Sachs cuts target price from 2425p to 2125p, while retaining its buy recommendation. Alliance Pharma: FinnCap shifts target price from 35p to 38.50p and stays with its hold recommendation. APR Energy: Goldman Sachs reduces target price from 990p to 945p keeping a buy recommendatio
Read moreTuesday broker round-up UPDATE
4th Jun 2013 07:25
Afren: Goldman Sachs shifts target price from 224p to 221p keeping a buy recommendation. Alent: Goldman Sachs initiates with a target price from 426p and a buy recommendation. Amerisur Resources: Goldman Sachs moves target price from 65p to 82p and stays with its neutral rating. Bahamas Petroleum
Read moreMonday broker round-up UPDATE
3rd Jun 2013 07:22
Anglo Pacific Group: Finncap cuts target price from 320p to 279p staying with its buy recommendation. Ashtead Group: Citi takes target price from 660p to 750p and maintains a buy recommendation. Centrica: Berenberg ups target price from 370p to 380p keeping a hold recommendation. Coal of Afica: I
Read moreThursday broker round-up UPDATE
23rd May 2013 08:35
Amara Mining: Numis lowers target price from 80p to 70p, while keeping a buy recommendation. ARM Holdings: Exane downgrades to neutral with a target price of 1000p. Aveva: Panmure Gordon raises target price from 1900p to 2076p and retains a hold recommendation. Canaccord Genuity increases target p
Read moreThursday tips round-up: Great Portland Estates, Capita, Primary Health
23rd May 2013 07:09
At a 33 per cent premium to their net asset value one could be forgiven for worrying that shares of Great Portland Estates are considerably overvalued. After all, that was the valuation reached just before the Great Bubble burst, with an all too familiar ending. Further, the company is essentially a
Read moreWednesday broker round-up UPDATE
22nd May 2013 09:37
Afferro Mining: Panmure Gordon reduces target price from 279p to 100p, while keeping its buy recommendation. Amara Mining: Westhouse Securities cuts target price from 110p to 90p retaining a buy recommendation. Amlin: Westhouse Securities moves target price from 455p to 470p and upgrades to add.
Read moreStrong London demand drives profits at Great Portland Estates - UPDATE
22nd May 2013 07:36
Great Portland Estates, the Central-London property investor, saw a near-11 per cent rise in net asset value (NAV) and a strong increase in profits last year, as it said it expects to continue outperforming in the future. NAV per share rose by 10.7% to 446p in the year ended March 31st, while the v
Read moreTuesday broker round-up UPDATE
21st May 2013 07:12
Antofagasta: Canaccord Genuity reduces target price from 1065p to 1040p, while leaving its hold recommendation unchanged. Barratt Developments: Goldman Sachs takes target price from 351p to 371p maintaining a buy recommendation. Big Yellow Group: Investec increases target price from 370p to 430p a
Read moreGreat Portland Estates pre-lets London offices to Bird & Bird
20th May 2013 08:12
Great Portland Estates (GPE) has pre-let its new development 12/14 New Fetter Lane, London, to law firm Bird & Bird. Bird & Bird has agreed to lease the 12-storey office building which covers 142,500 square feet (sq ft) in the city. The firm has the option to hand back up to 25,900 sq ft up to six
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