Great Portland Estates (LON:GPE) Given Buy Rating at Shore Capital Group

Shore Capital Group reaffirmed their buy rating on shares of Great Portland Estates (LON:GPE) in a research note released on Friday,Digital Look reports.

GPE has been the subject of a number of other reports. Berenberg Bank raised their target price on Great Portland Estates from GBX 297 to GBX 377 and gave the stock a “hold” rating in a research report on Tuesday, January 27th. Jefferies Financial Group reissued a “hold” rating and issued a GBX 345 target price on shares of Great Portland Estates in a research report on Thursday, April 9th. Stifel Nicolaus reissued a “hold” rating and issued a GBX 370 target price on shares of Great Portland Estates in a research report on Wednesday, April 15th. Deutsche Bank Aktiengesellschaft reissued a “buy” rating and issued a GBX 450 target price on shares of Great Portland Estates in a research report on Thursday, April 16th. Finally, The Goldman Sachs Group decreased their target price 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. Four equities research analysts have rated the stock with a Buy rating and four have given a Hold rating to the company. According to MarketBeat, Great Portland Estates currently has a consensus rating of “Moderate Buy” and an average price target of GBX 400.88.

Great Portland Estates Stock Performance

LON:GPE opened at GBX 316.63 on Friday. The company has a debt-to-equity ratio of 53.27, a current ratio of 1.80 and a quick ratio of 0.46. The business has a fifty day simple moving average of GBX 309.07 and a two-hundred day simple moving average of GBX 323.50. Great Portland Estates has a 1 year low of GBX 270 and a 1 year high of GBX 377. The company has a market capitalization of £1.28 billion, a P/E ratio of 8.67, a P/E/G ratio of 2.22 and a beta of 0.92.

Insider Activity

In other Great Portland Estates news, insider Jayne Cottam bought 32,330 shares of Great Portland Estates stock in a transaction that occurred on Tuesday, March 17th. The stock was acquired at an average cost of GBX 309 per share, for a total transaction of £99,899.70. Also, insider Peter Duffy bought 19,965 shares of Great Portland Estates stock in a transaction that occurred on Monday, March 2nd. The shares were acquired at an average price of GBX 343 per share, with a total value of £68,479.95. Over the last 90 days, insiders have purchased 52,428 shares of company stock valued at $16,879,622. 1.53% of the stock is owned by company insiders.

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.