Berenberg Bank Cuts Great Portland Estates (LON:GPE) Price Target to GBX 360

Great Portland Estates (LON:GPE) had its price objective cut by analysts at Berenberg Bank from GBX 377 to GBX 360 in a report released on Monday,Digital Look reports. The brokerage presently has a “hold” rating on the stock. Berenberg Bank’s price target would suggest a potential upside of 13.21% from the company’s current price.

Other equities research analysts have also issued research reports about the company. UBS Group reissued a “sell” rating and set a GBX 315 price objective on shares of Great Portland Estates in a research note on Monday, May 18th. Jefferies Financial Group restated a “hold” rating and set a GBX 334 price target on shares of Great Portland Estates in a research report on Friday, May 29th. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and issued a GBX 450 target price on shares of Great Portland Estates in a research report on Thursday, April 16th. The Goldman Sachs Group decreased their price objective on Great Portland Estates from GBX 370 to GBX 340 and set a “neutral” rating on the stock in a report on Monday, March 30th. Finally, Stifel Nicolaus restated a “hold” rating and set a GBX 370 target price on shares of Great Portland Estates in a report on Wednesday, April 15th. Four research analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and an average target price of GBX 388.22.

Great Portland Estates Trading Down 1.3%

LON GPE opened at GBX 318 on Monday. The firm has a market capitalization of £1.28 billion, a P/E ratio of 8.35, a PEG ratio of 2.22 and a beta of 0.91. 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 business has a fifty day simple moving average of GBX 311.54 and a 200 day simple moving average of GBX 319.01. Great Portland Estates has a 12 month low of GBX 270 and a 12 month high of GBX 377.

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

Insider Buying and Selling

In related news, insider Toby Courtauld sold 29,288 shares of the company’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. Also, insider Dan Nicholson sold 16,037 shares of the firm’s stock in a transaction on Tuesday, June 2nd. The stock was sold at an average price of GBX 314, for a total value of £50,356.18. Over the last quarter, insiders bought 194 shares of company stock worth $59,744. Corporate insiders own 1.54% of the company’s stock.

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.