Great Portland Estates Plc (LON:GPE) Receives Consensus Recommendation of “Hold” from Brokerages

Shares of Great Portland Estates Plc (LON:GPE) have been assigned a consensus recommendation of “Hold” from the nine brokerages that are currently covering the company, MarketBeat Ratings reports. One analyst has rated the stock with a sell rating, four have issued a hold rating and four have assigned a buy rating to the company. The average 12-month price objective among analysts that have covered the stock in the last year is GBX 390.11.

GPE has been the subject of a number of recent analyst reports. Jefferies Financial Group reissued a “hold” rating and set a GBX 334 price target on shares of Great Portland Estates in a research report on Friday, May 29th. Stifel Nicolaus reissued a “hold” rating and set a GBX 370 price target on shares of Great Portland Estates in a research report on Wednesday, April 15th. The Goldman Sachs Group decreased their price target on shares of Great Portland Estates from GBX 370 to GBX 340 and set a “neutral” rating for the company in a research report on Monday, March 30th. Berenberg Bank reissued a “hold” rating and set a GBX 377 price target on shares of Great Portland Estates in a research report on Thursday, May 21st. Finally, Shore Capital Group reissued a “buy” rating on shares of Great Portland Estates in a research report on Friday, May 8th.

Great Portland Estates Stock Up 0.2%

GPE stock opened at GBX 322.20 on Friday. Great Portland Estates has a twelve month low of GBX 270 and a twelve month high of GBX 377. The company has a current ratio of 0.54, a quick ratio of 0.46 and a debt-to-equity ratio of 41.28. The company has a market capitalization of £1.30 billion, a P/E ratio of 8.46, a PEG ratio of 2.22 and a beta of 0.91. The firm has a 50 day simple moving average of GBX 311.54 and a 200-day simple moving average of GBX 318.99.

Great Portland Estates (LON:GPE) last released its quarterly earnings results on Friday, May 22nd. The company reported GBX 8.60 earnings per share for the quarter. Great Portland Estates had a net margin of 131.04% and a return on equity of 7.41%. The business had revenue of £117.90 million during the quarter. On average, equities research analysts predict that Great Portland Estates will post 6.1719457 earnings per share for the current fiscal year.

Insider Buying and Selling

In other news, insider Dan Nicholson sold 16,037 shares of the firm’s stock in a transaction that occurred on Tuesday, June 2nd. The shares were sold at an average price of GBX 314, for a total transaction of £50,356.18. Also, insider Toby Courtauld sold 29,288 shares of the firm’s stock in a transaction that occurred on Tuesday, June 2nd. The stock was sold at an average price of GBX 314, for a total transaction of £91,964.32. Insiders have bought 194 shares of company stock valued at $59,744 in the last three months. Corporate insiders own 1.54% 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.