Great Portland Estates Plc (LON:GPE) Given Average Recommendation of “Hold” by Brokerages

Shares of Great Portland Estates Plc (LON:GPE) have earned an average recommendation of “Hold” from the nine analysts that are covering the firm, Marketbeat Ratings reports. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and four have given a buy rating to the company. The average 1-year target price among brokerages that have updated their coverage on the stock in the last year is GBX 390.11.

Several analysts have recently weighed in on the company. 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. UBS Group restated a “sell” rating and issued a GBX 315 price objective on shares of Great Portland Estates in a report on Monday, May 18th. Shore Capital Group restated a “buy” rating on shares of Great Portland Estates in a report on Friday, May 8th. Jefferies Financial Group restated a “hold” rating and issued a GBX 334 price objective on shares of Great Portland Estates in a report on Friday, May 29th. Finally, Berenberg Bank restated a “hold” rating and issued a GBX 377 price objective on shares of Great Portland Estates in a report on Thursday, May 21st.

Great Portland Estates Stock Up 4.1%

LON:GPE opened at GBX 323.40 on Friday. Great Portland Estates has a twelve month low of GBX 270 and a twelve month high of GBX 377. The company has a market cap of £1.30 billion, a price-to-earnings ratio of 8.49, a price-to-earnings-growth ratio of 2.22 and a beta of 0.91. The stock has a fifty day simple moving average of GBX 308.38 and a 200-day simple moving average of GBX 318.69. The company has a current ratio of 0.54, a quick ratio of 0.46 and a debt-to-equity ratio of 41.28.

Great Portland Estates (LON:GPE) last released its earnings results on Friday, May 22nd. The company reported GBX 8.60 earnings per share for the quarter. Great Portland Estates had a return on equity of 7.41% and a net margin of 131.04%.The business had revenue of £117.90 million during the quarter. Analysts anticipate 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 stock in a transaction on Tuesday, March 17th. The stock was acquired at an average price of GBX 309 per share, with a total value of £99,899.70. Also, insider Toby Courtauld sold 29,288 shares of the firm’s stock in a transaction dated Tuesday, June 2nd. The stock was sold at an average price of GBX 314, for a total value of £91,964.32. Insiders bought 32,524 shares of company stock worth $10,049,714 over the last three months. 1.54% of the stock is 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.