Jefferies raises target for Great Portland stock to GBp 351

Published on 10/18/2026 at 13:36 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Leasing beat estimated rental value by 4.1 percent across 40 deals in London. Interim results for Great Portland stock are due November 19, 2026.

Leasing and analyst signals

Great Portland signed 40 leases worth GBP 19.0 million on October 14, 2026.
Market lettings ran 4.1 percent ahead of March 2026 estimated rental value.
Great Portland will publish interim results on November 19, 2026.

Modernes Bürogebäude in London als Sinnbild für Great Portland Estates plc — Modernes Londoner Bürohochhaus zeigt Great Portland Estates plc, ISIN GB00B01FLL16, im zentralen Immobilien-Portfolio, Illustration mit AI erstellt.

Great Portland Estates upgraded to Buy by Jefferies on October 14, 2026, with the target raised from GBp 334 to GBp 351, according to TipRanks. The change followed a leasing update that gave the London office landlord a stronger operating backdrop for the second half of fiscal year 2027.

Leasing performance accelerates

In its October 14, 2026 business update, Great Portland said it signed 40 new leases and renewals in the six months ended September 30, 2026. The agreements generated GBP 19.0 million of annual rent, with the company share at GBP 18.3 million.

The comparison with March 2026 estimated rental value is the key operating signal. Market lettings were 4.1 percent ahead overall, while the second quarter alone reached 5.0 percent, up from 3.7 percent in the first quarter. Fully Managed leases contributed GBP 14.3 million across 23 agreements at an average GBP 242 per square foot.

What does the target change mean?

Jefferies moved its rating from Hold to Buy and lifted the target by GBp 17, a 5.09 percent increase from GBp 334 to GBp 351, according to TipRanks. The analyst also described higher-for-longer rates and the risk of further valuation declines as important considerations.

Three dated developments

On September 10, 2026, Moody's reaffirmed Great Portland's Baa2 long-term issuer rating and stable outlook. On October 14, 2026, the company reported GBP 19.0 million of annual rent from six months of leasing. On October 14, 2026, Jefferies raised its target to GBp 351 and changed its rating to Buy.

Upcoming reporting date

Great Portland will announce its interim results on November 19, 2026, with the presentation scheduled for 10:00 a.m. London time, according to the company's October 14, 2026 update.

Leasing remains the central test

The figures point to a clear investor test: sustained rent outperformance must translate into stronger portfolio valuation while financing costs remain a constraint. Great Portland's reported six-month leasing total and the Jefferies target increase place execution and valuation side by side.

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