Great Portland Estates (LON:GPE) Receives Hold Rating from Berenberg Bank

Great Portland Estates (LON:GPE)‘s stock had its “hold” rating restated by investment analysts at Berenberg Bank in a research note issued to investors on Thursday,London Stock Exchange reports. They currently have a GBX 377 target price on the stock. Berenberg Bank’s price target indicates a potential upside of 22.64% from the company’s current price.

A number of other research firms also recently issued reports on GPE. Jefferies Financial Group reissued a “hold” rating and issued a GBX 345 price objective on shares of Great Portland Estates in a report on Thursday, April 9th. The Goldman Sachs Group decreased their target price on shares of Great Portland Estates from GBX 370 to GBX 340 and set a “neutral” rating on the stock in a research note on Monday, March 30th. Stifel Nicolaus restated a “hold” rating and set a GBX 370 target price on shares of Great Portland Estates in a research note on Wednesday, April 15th. Shore Capital Group restated a “buy” rating on shares of Great Portland Estates in a research note on Friday, May 8th. Finally, Deutsche Bank Aktiengesellschaft restated a “buy” rating and set a GBX 450 target price on shares of Great Portland Estates in a research note on Thursday, April 16th. Four equities research analysts have rated the stock with a Buy rating, four have given a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of GBX 391.33.

Great Portland Estates Stock Performance

GPE opened at GBX 307.40 on Thursday. The company has a current ratio of 1.80, a quick ratio of 0.46 and a debt-to-equity ratio of 53.27. The company has a market cap of £1.24 billion, a price-to-earnings ratio of 8.42, a PEG ratio of 2.22 and a beta of 0.92. The company’s 50 day moving average is GBX 303.57 and its 200 day moving average is GBX 320.95. Great Portland Estates has a 12-month low of GBX 270 and a 12-month high of GBX 377.

Insider Activity at Great Portland Estates

In related news, insider Peter Duffy acquired 19,965 shares of Great Portland Estates stock in a transaction dated Monday, March 2nd. The shares were purchased at an average price of GBX 343 per share, for a total transaction of £68,479.95. Also, insider Jayne Cottam acquired 32,330 shares of Great Portland Estates stock in a transaction dated Tuesday, March 17th. The shares were bought at an average price of GBX 309 per share, for a total transaction of £99,899.70. In the last quarter, insiders have bought 52,428 shares of company stock worth $16,879,622. Company insiders own 1.53% of the company’s stock.

About Great Portland Estates

GPE is a FTSE 250 real estate investor and developer. GPE aims to deliver superior returns by unlocking the often hidden potential in commercial real estate in central London, creating high quality sustainable spaces for its customers and long-term value for its stakeholders.