Great Portland Estates Plc (LON:GPE) Insider Acquires £1,527.75 in Stock

Great Portland Estates Plc (LON:GPE) insider Dan Nicholson acquired 45 shares of the company’s stock in a transaction on Friday, August 30th. The shares were acquired at an average cost of GBX 3,395 ($44.77) per share, for a total transaction of £1,527.75 ($2,014.70).

Great Portland Estates Price Performance

LON:GPE traded up GBX 4 ($0.05) during mid-day trading on Monday, hitting GBX 340.50 ($4.49). 413,280 shares of the stock traded hands, compared to its average volume of 774,066. Great Portland Estates Plc has a 12-month low of GBX 327.50 ($4.32) and a 12-month high of GBX 457.40 ($6.03). 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 company has a market cap of £1.38 billion, a PE ratio of -339.11, a price-to-earnings-growth ratio of 2.22 and a beta of 0.80. The business’s 50-day moving average price is GBX 342.91 and its 200 day moving average price is GBX 366.49.

Wall Street Analyst Weigh In

Several analysts have recently issued reports on the stock. Deutsche Bank Aktiengesellschaft lowered their price target on shares of Great Portland Estates from GBX 500 ($6.59) to GBX 440 ($5.80) and set a “buy” rating on the stock in a research report on Wednesday, July 3rd. Shore Capital reissued a “buy” rating on shares of Great Portland Estates in a report on Thursday, July 4th. Finally, Jefferies Financial Group reaffirmed a “hold” rating and issued a GBX 300 ($3.96) price target on shares of Great Portland Estates in a report on Thursday, June 13th. Two research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of GBX 423.25 ($5.58).

About Great Portland Estates

We are a FTSE 250 property investment and development company owning £2.5 billion of real estate in central London. We proactively manage our portfolio, flexing our activities in tune with London's property cycle to deliver long-term out-performance. We create in-demand spaces that people want to be part of; helping our occupiers, local communities and the city to thrive.