Shore Capital Reiterates Buy Rating for Great Portland Estates (LON:GPE)

Great Portland Estates (LON:GPE)‘s stock had its “buy” rating reiterated by Shore Capital in a research note issued to investors on Thursday, MarketBeat Ratings reports.

A number of other analysts have also commented on the company. Numis Securities reissued an “add” rating and set a GBX 500 ($6.32) price objective on shares of Great Portland Estates in a report on Thursday, April 11th. Jefferies Financial Group reaffirmed a “hold” rating and issued a GBX 300 ($3.79) target price on shares of Great Portland Estates in a report on Thursday, June 13th. Two research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. Based on data from MarketBeat.com, Great Portland Estates presently has an average rating of “Moderate Buy” and an average target price of GBX 423.25 ($5.35).

Great Portland Estates Stock Performance

Shares of Great Portland Estates stock opened at GBX 351.50 ($4.45) on Thursday. Great Portland Estates has a one year low of GBX 328.50 ($4.16) and a one year high of GBX 457.40 ($5.79). The firm has a market capitalization of £1.42 billion, a price-to-earnings ratio of -334.76, a PEG ratio of 2.22 and a beta of 0.78. The business has a 50-day simple moving average of GBX 370.73 and a 200 day simple moving average of GBX 384.82. The company has a debt-to-equity ratio of 51.52, a current ratio of 0.26 and a quick ratio of 0.46.

Insiders Place Their Bets

In related news, insider Karen Green bought 5,939 shares of the company’s stock in a transaction on Friday, June 28th. The shares were purchased at an average price of GBX 335 ($4.24) per share, for a total transaction of £19,895.65 ($25,165.25). In other Great Portland Estates news, insider Karen Green acquired 5,939 shares of the stock in a transaction that occurred on Friday, June 28th. The shares were bought at an average price of GBX 335 ($4.24) per share, for a total transaction of £19,895.65 ($25,165.25). Also, insider Mark Anderson acquired 4,900 shares of the stock in a transaction that occurred on Monday, June 3rd. The stock was acquired at an average price of GBX 349 ($4.41) per share, for a total transaction of £17,101 ($21,630.41). Insiders have purchased a total of 10,919 shares of company stock worth $3,729,825 over the last 90 days. Corporate insiders own 1.65% of the company’s stock.

Great Portland Estates Company Profile

We are a FTSE 250 property investment and development company owning £2.5 billion of real estate in central London. We proactively manage our portfolio, flexing our activities in tune with London's property cycle to deliver long-term out-performance. We create in-demand spaces that people want to be part of; helping our occupiers, local communities and the city to thrive.