Great Portland Estates’ (GPE) Buy Rating Reaffirmed at Shore Capital Group

Great Portland Estates (LON:GPE)‘s stock had its “buy” rating reiterated by stock analysts at Shore Capital Group in a research report issued on Friday,Digital Look reports.

GPE has been the subject of several other reports. The Goldman Sachs Group reduced their target price on Great Portland Estates from GBX 370 to GBX 340 and set a “neutral” rating for the company in a report on Monday, March 30th. Jefferies Financial Group reaffirmed a “hold” rating and set a GBX 345 price target on shares of Great Portland Estates in a research report on Thursday, April 9th. Deutsche Bank Aktiengesellschaft restated a “buy” rating and set a GBX 450 target price on shares of Great Portland Estates in a research report on Thursday, April 16th. Stifel Nicolaus reaffirmed a “hold” rating and issued a GBX 370 target price on shares of Great Portland Estates in a report on Wednesday, April 15th. Finally, Berenberg Bank upped their price objective on Great Portland Estates from GBX 297 to GBX 377 and gave the company a “hold” rating in a research note on Tuesday, January 27th. Four analysts have rated the stock with a Buy rating and four have given a Hold rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of GBX 400.88.

Great Portland Estates Price Performance

Shares of LON:GPE opened at GBX 317 on Friday. Great Portland Estates has a 12 month low of GBX 270 and a 12 month high of GBX 377. The firm has a market capitalization of £1.28 billion, a P/E ratio of 8.68, a P/E/G ratio of 2.22 and a beta of 0.92. The company has a debt-to-equity ratio of 53.27, a current ratio of 1.80 and a quick ratio of 0.46. The company’s fifty day moving average price is GBX 309.07 and its 200 day moving average price is GBX 323.50.

Insiders Place Their Bets

In related news, insider Jayne Cottam bought 32,330 shares of the firm’s stock in a transaction on Tuesday, March 17th. The shares were bought at an average cost of GBX 309 per share, for a total transaction of £99,899.70. Also, insider Peter Duffy purchased 19,965 shares of the stock in a transaction dated Monday, March 2nd. The shares were bought at an average cost of GBX 343 per share, for a total transaction of £68,479.95. In the last three months, insiders acquired 52,428 shares of company stock valued at $16,879,622. 1.53% of the stock is owned by corporate insiders.

Great Portland Estates Company Profile

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.