Jefferies raises Great Portland target: what it means for Great Portland stock

Published on 10/20/2026 at 13:33 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Jefferies lifted its target from GBp 334 to GBp 351 on October 15, 2026. Great Portland stock costs EUR 3.78 on October 20, 2026.

Target and leasing update

Jefferies lifted its Great Portland target from GBp 334 to GBp 351 on October 15, 2026.
Great Portland signed 40 leases worth GBP 19.0 million in annual rent in the first half.
Great Portland stock trades at EUR 3.78 at 1:30 p.m. CEST at Lang & Schwarz on October 20, 2026.

Great Portland, GB00BF5H9P87, Illustration mit AI erstellt.

Great Portland Estates stock (ISIN GB00BF5H9P87) is trading at EUR 3.78 at Lang & Schwarz on October 20, 2026 at 1:30 p.m. CEST. Markets Insider reported on October 14, 2026 that Jefferies upgraded Great Portland Estates from Hold to Buy and raised its target from GBp 334 to GBp 351.

Leasing beat moved higher

Great Portland's latest operating update covered the quarter ended September 30, 2026. According to Great Portland Estates, the company signed 40 new leases and renewals in the six months, generating GBP 19.0 million of annual rent. The deals were 4.1 percent ahead of March 2026 estimated rental value.

The pace accelerated during the second quarter. Nineteen leases generated GBP 5.8 million of annual rent, with market lettings 5.0 percent ahead of estimated rental value, compared with 3.7 percent in the first quarter. A further GBP 9.8 million of rent was under offer at 6.7 percent above estimated rental value.

What does the target mean?

The Jefferies change gives the leasing figures a valuation context, but the target remains denominated in GBp while the reference quote is in euros. Great Portland also secured GBP 14.3 million of annual rent through 23 fully managed leases during the half, at an average GBP 242.00 per square foot and 3.1 percent above estimated rental value, according to the company release.

The next reporting date

Great Portland is scheduled to announce its interim results on November 19, 2026, with a presentation starting at 10:00 a.m. London time, according to the October 14, 2026 company update. That report should provide the next fuller view of leasing income, property operations and the balance sheet.

Stock context in London

Great Portland was last quoted at GBp 317.60 on the London Stock Exchange on October 20, 2026 at 12:28 p.m. BST. Its 52-week range was GBp 270.00 to GBp 377.00 as of October 16, 2026, while the company remains a FTSE 250 constituent, according to Bisnow.

The further course of trading is shown by the continuously updated real-time quote of Great Portland stock.