Berenberg Bank Raises Great Portland Estates (LON:GPE) Price Target to GBX 377

Great Portland Estates (LON:GPE) had its price target raised by equities researchers at Berenberg Bank from GBX 297 to GBX 377 in a research report issued on Tuesday, Marketbeat.com reports. The brokerage currently has a “hold” rating on the stock. Berenberg Bank’s target price would indicate a potential upside of 2.72% from the company’s previous close.

Other analysts have also recently issued reports about the company. Shore Capital reaffirmed a “buy” rating on shares of Great Portland Estates in a research note on Thursday, January 15th. Panmure Gordon reaffirmed a “buy” rating and issued a GBX 440 target price on shares of Great Portland Estates in a research note on Wednesday, November 19th. Peel Hunt reiterated a “buy” rating and issued a GBX 375 target price on shares of Great Portland Estates in a report on Tuesday, November 18th. Finally, Jefferies Financial Group boosted their price target on shares of Great Portland Estates from GBX 332 to GBX 342 and gave the company a “hold” rating in a report on Wednesday, November 19th. Three research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. According to MarketBeat, Great Portland Estates currently has an average rating of “Moderate Buy” and a consensus price target of GBX 408.80.

Great Portland Estates Stock Up 2.8%

Shares of Great Portland Estates stock opened at GBX 367 on Tuesday. The business has a fifty day simple moving average of GBX 321.56 and a 200 day simple moving average of GBX 324.12. The stock has a market cap of £1.48 billion, a PE ratio of 10.05, a price-to-earnings-growth ratio of 2.22 and a beta of 0.80. The company has a quick ratio of 0.46, a current ratio of 0.26 and a debt-to-equity ratio of 51.52. Great Portland Estates has a 12 month low of GBX 260 and a 12 month high of GBX 369.

Insider Buying and Selling at Great Portland Estates

In related news, insider William Eccleshare acquired 4,000 shares of the business’s stock in a transaction that occurred on Thursday, November 20th. The shares were acquired at an average cost of GBX 310 per share, with a total value of £12,400. Also, insider Nick Sanderson bought 88 shares of Great Portland Estates stock in a transaction that occurred on Friday, October 31st. The stock was bought at an average cost of GBX 336 per share, with a total value of £295.68. Insiders have bought 4,319 shares of company stock valued at $1,344,202 in the last three months. 1.53% of the stock is owned by insiders.

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.