Great Portland upgraded by Exane

Exane BNP Paribas has removed property group Great Portland Estates (LON:GPOR) from its list of stocks to avoid and moved to a 'neutral' rating (from 'underperform') which it says is primarily based on the capital return potential.

The broker said: "Great Portland is the most obvious candidate for a capital return with our forecasts showing LTV hitting 0% in 2017e. A sale of Rathbone Square in early 2017 could act as the trigger for buybacks."

Analysts have increased their target price to 660 pence per share.

At 1:42pm: (LON:GPOR) Great Portland Estates PLC share price was +3.25p at 608.75p