Source - SMW
JP Morgan Cazenove has cut its investment rating on property investment and development company Helical (LON:HLCL) to 'neutral' from 'overweight' in its note on European property, today.

Commenting on the wider property sector, it said: "We downgrade London office facing companies to Neutral after bouncing >20% since Brexit lows with uncertainty remaining: We downgrade Derwent, GPOR and Helical to N but still see upside potential to current share prices of 16%, 8% and 8% after factoring in up to -11% capital growth over the 2 years."

Analysts have lowered their target price to 320 pence per share from 540 pence.

At 2:44pm: (LON:HLCL) Helical Bar PLC share price was -8.87p at 290.13p