Great Portland Estates Plc (LON:GPE) Given Average Recommendation of “Hold” by Brokerages

Great Portland Estates Plc (LON:GPE) has been assigned an average rating of “Hold” from the nine research firms that are presently covering the company, Marketbeat Ratings reports. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and four have issued a buy rating on the company. The average twelve-month price target among brokers that have issued a report on the stock in the last year is GBX 390.11.

A number of research analysts have recently commented on the company. Berenberg Bank reiterated a “hold” rating and set a GBX 377 target price on shares of Great Portland Estates in a research report on Thursday, May 21st. Stifel Nicolaus reiterated a “hold” rating and set a GBX 370 target price on shares of Great Portland Estates in a research report on Wednesday, April 15th. Shore Capital Group restated a “buy” rating on shares of Great Portland Estates in a research report on Friday, May 8th. The Goldman Sachs Group lowered their price target on 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. Finally, Jefferies Financial Group restated a “hold” rating and issued a GBX 334 price target on shares of Great Portland Estates in a research report on Friday, May 29th.

Insider Buying and Selling

In related news, 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. Also, insider Jayne Cottam purchased 32,330 shares of the stock in a transaction that occurred on Tuesday, March 17th. The stock was bought at an average price of GBX 309 per share, with a total value of £99,899.70. Insiders purchased a total of 32,524 shares of company stock worth $10,049,714 over the last three months. 1.54% of the stock is owned by insiders.

Great Portland Estates Stock Up 4.1%

LON GPE opened at GBX 323.40 on Friday. 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 company has a market capitalization of £1.30 billion, a P/E ratio of 8.49, a P/E/G ratio of 2.22 and a beta of 0.91. Great Portland Estates has a one year low of GBX 270 and a one year high of GBX 377. The stock has a 50 day moving average price of GBX 308.38 and a 200-day moving average price of GBX 318.69.

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

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.