Jefferies Financial Group Reaffirms “Hold” Rating for Great Portland Estates (LON:GPE)

Great Portland Estates (LON:GPE)‘s stock had its “hold” rating reissued by investment analysts at Jefferies Financial Group in a research report issued to clients and investors on Friday,London Stock Exchange reports. They currently have a GBX 334 price objective on the stock. Jefferies Financial Group’s target price would indicate a potential upside of 6.03% from the company’s current price.

A number of other research analysts also recently issued reports on the company. Berenberg Bank restated a “hold” rating and issued a GBX 377 price objective on shares of Great Portland Estates in a research note 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 note on Wednesday, April 15th. Deutsche Bank Aktiengesellschaft reissued a “buy” rating and issued a GBX 450 price target on shares of Great Portland Estates in a report on Thursday, April 16th. Shore Capital Group restated a “buy” rating on shares of Great Portland Estates in a report on Friday, May 8th. Finally, The Goldman Sachs Group lowered their price objective on shares of Great Portland Estates from GBX 370 to GBX 340 and set a “neutral” rating on the stock in a research report on Monday, March 30th. Four analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Hold” and an average target price of GBX 390.11.

Great Portland Estates Price Performance

Shares of LON GPE traded up GBX 5.40 during midday trading on Friday, reaching GBX 315. The company’s stock had a trading volume of 631,638 shares, compared to its average volume of 5,036,597. The stock has a market capitalization of £1.27 billion, a P/E ratio of 8.63, a PEG ratio of 2.22 and a beta of 0.92. The firm has a 50 day moving average price of GBX 303.63 and a 200-day moving average price of GBX 319.79. Great Portland Estates has a 12-month low of GBX 270 and a 12-month high of GBX 377.

Great Portland Estates (LON:GPE) last issued its quarterly earnings results on Friday, May 22nd. The company reported GBX 8.60 EPS for the quarter. The company 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%. On average, equities analysts predict that Great Portland Estates will post 6.1719457 EPS for the current year.

Insider Activity at Great Portland Estates

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