Great Portland Estates (LON:GPE) Price Target Cut to GBX 360 by Analysts at Berenberg Bank

Great Portland Estates (LON:GPE) had its price objective reduced by equities researchers at Berenberg Bank from GBX 377 to GBX 360 in a note issued to investors on Monday,Digital Look reports. The firm currently has a “hold” rating on the stock. Berenberg Bank’s price objective points to a potential upside of 13.21% from the company’s previous close.

GPE has been the topic of several other research reports. The Goldman Sachs Group lowered their price target on shares of Great Portland Estates from GBX 370 to GBX 340 and set a “neutral” rating on the stock in a report on Monday, March 30th. Jefferies Financial Group reiterated a “hold” rating and set a GBX 334 target price on shares of Great Portland Estates in a research report on Friday, May 29th. Shore Capital Group reaffirmed a “buy” rating on shares of Great Portland Estates in a research note on Friday, May 8th. Deutsche Bank Aktiengesellschaft reiterated 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, Stifel Nicolaus restated a “hold” rating and set a GBX 370 target price on shares of Great Portland Estates in a research report on Wednesday, April 15th. Four research analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of GBX 388.22.

Great Portland Estates Stock Down 1.3%

Shares of Great Portland Estates stock opened at GBX 318 on Monday. 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 stock has a market capitalization of £1.28 billion, a PE ratio of 8.35, a price-to-earnings-growth ratio of 2.22 and a beta of 0.91. Great Portland Estates has a 52-week low of GBX 270 and a 52-week high of GBX 377. The company has a 50-day simple moving average of GBX 311.54 and a two-hundred day simple moving average of GBX 319.01.

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

Insider Transactions at Great Portland Estates

In other Great Portland Estates news, insider Dan Nicholson sold 16,037 shares of the business’s stock in a transaction that occurred on Tuesday, June 2nd. The stock was sold at an average price of GBX 314, for a total transaction of £50,356.18. Also, insider Toby Courtauld sold 29,288 shares of the business’s stock in a transaction that occurred on Tuesday, June 2nd. The shares were sold at an average price of GBX 314, for a total value of £91,964.32. Insiders purchased a total of 194 shares of company stock worth $59,744 over the last three months. 1.54% of the stock is currently owned by corporate insiders.

About Great Portland Estates

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.