Shore Capital Reaffirms Buy Rating for Great Portland Estates (LON:GPE)

Great Portland Estates (LON:GPE)‘s stock had its “buy” rating reissued by analysts at Shore Capital in a research report issued on Thursday,London Stock Exchange reports.

Several other equities research analysts have also issued reports on GPE. Jefferies Financial Group increased their target price on shares of Great Portland Estates from GBX 332 to GBX 342 and gave the stock a “hold” rating in a research note on Wednesday, November 19th. Peel Hunt reiterated a “buy” rating and set a GBX 375 price target on shares of Great Portland Estates in a research report on Tuesday, November 18th. Finally, Panmure Gordon restated a “buy” rating and issued a GBX 440 price objective on shares of Great Portland Estates in a research report on Wednesday, November 19th. Three investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of GBX 416.75.

Great Portland Estates Stock Performance

Shares of LON GPE traded up GBX 11.50 during midday trading on Thursday, reaching GBX 339. 1,082,977 shares of the stock were exchanged, compared to its average volume of 1,351,615. The company has a quick ratio of 0.46, a current ratio of 0.26 and a debt-to-equity ratio of 51.52. The firm has a 50-day simple moving average of GBX 318.06 and a two-hundred day simple moving average of GBX 323.90. Great Portland Estates has a twelve month low of GBX 260 and a twelve month high of GBX 369. The firm has a market cap of £1.37 billion, a price-to-earnings ratio of 9.29, a PEG ratio of 2.22 and a beta of 0.80.

Insiders Place Their Bets

In other Great Portland Estates news, insider Nick Sanderson bought 88 shares of the stock in a transaction on Friday, October 31st. The shares were bought at an average price of GBX 336 per share, with a total value of £295.68. Also, insider William Eccleshare bought 4,000 shares of the company’s stock in a transaction dated Thursday, November 20th. The shares were acquired at an average cost of GBX 310 per share, with a total value of £12,400. Insiders acquired a total of 4,319 shares of company stock worth $1,344,202 in the last 90 days. 1.53% of the stock is currently owned by insiders.

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.