Great Portland Estates (LON:GPE) Reaches New 1-Year High – Time to Buy?

Shares of Great Portland Estates Plc (LON:GPE) hit a new 52-week high on Thursday . The stock traded as high as GBX 369 and last traded at GBX 369, with a volume of 14663839 shares. The stock had previously closed at GBX 367.

Analyst Upgrades and Downgrades

A number of research firms recently issued reports on GPE. Peel Hunt restated a “buy” rating and issued a GBX 375 target price on shares of Great Portland Estates in a report on Tuesday, November 18th. Jefferies Financial Group increased their target price on Great Portland Estates from GBX 332 to GBX 342 and gave the stock a “hold” rating in a research report on Wednesday, November 19th. Shore Capital reiterated a “buy” rating on shares of Great Portland Estates in a report on Thursday, January 15th. Berenberg Bank upped their price target on Great Portland Estates from GBX 297 to GBX 377 and gave the stock a “hold” rating in a research note on Tuesday. Finally, Panmure Gordon reaffirmed a “buy” rating and issued a GBX 440 price objective on shares of Great Portland Estates in a research note on Wednesday, November 19th. Three equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of GBX 408.80.

Great Portland Estates Stock Performance

The company has a debt-to-equity ratio of 51.52, a quick ratio of 0.46 and a current ratio of 0.26. The stock has a fifty day simple moving average of GBX 324.16 and a two-hundred day simple moving average of GBX 324.69. The stock has a market cap of £1.51 billion, a PE ratio of 10.25, a PEG ratio of 2.22 and a beta of 0.80.

Insider Buying and Selling at Great Portland Estates

In other news, insider William Eccleshare purchased 4,000 shares of the stock in a transaction that occurred on Thursday, November 20th. The stock was acquired at an average cost of GBX 310 per share, with a total value of £12,400. Insiders have acquired 4,142 shares of company stock valued at $1,284,730 in the last ninety days. 1.53% of the stock is currently owned by corporate 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.