Great Portland Estates (LON:GPE) Stock Price Up 0.2% – Here’s Why

Great Portland Estates Plc (LON:GPE) shares shot up 0.2% on Monday . The stock traded as high as GBX 349.80 and last traded at GBX 348.20. 666,981 shares were traded during trading, a decline of 84% from the average daily volume of 4,181,127 shares. The stock had previously closed at GBX 347.60.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on GPE. Shore Capital Group reaffirmed a “buy” rating on shares of Great Portland Estates in a report on Friday, May 8th. Jefferies Financial Group reissued a “hold” rating and set a GBX 334 price target on shares of Great Portland Estates in a research note on Thursday, July 2nd. Berenberg Bank lowered their price target on Great Portland Estates from GBX 377 to GBX 360 and set a “hold” rating on the stock in a report on Monday, June 22nd. Finally, UBS Group reaffirmed a “sell” rating and issued a GBX 315 price objective on shares of Great Portland Estates in a research note on Monday, May 18th. Four investment analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and an average price target of GBX 388.22.

Great Portland Estates Stock Down 0.6%

The company has a debt-to-equity ratio of 41.28, a quick ratio of 0.46 and a current ratio of 0.54. The firm’s 50-day moving average is GBX 341.15 and its 200 day moving average is GBX 323.69. The firm has a market capitalization of £1.40 billion, a PE ratio of 9.11, a price-to-earnings-growth ratio of 2.22 and a beta of 0.91.

Great Portland Estates (LON:GPE) last posted its earnings results on Thursday, June 25th. The company reported GBX 3.90 earnings per share for the quarter. The firm had revenue of GBX 5,460 million during the quarter. Great Portland Estates had a net margin of 131.04% and a return on equity of 7.41%. As a group, research analysts forecast that Great Portland Estates Plc 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 Great Portland Estates stock in a transaction that occurred on Tuesday, June 2nd. The stock was sold at an average price of GBX 314, for a total value of £91,964.32. Over the last three months, insiders have bought 271 shares of company stock valued at $90,102. Corporate insiders own 1.55% 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.