Great Portland Estates (LON:GPE) Given New GBX 340 Price Target at The Goldman Sachs Group

Great Portland Estates (LON:GPE) had its target price decreased by The Goldman Sachs Group from GBX 370 to GBX 340 in a report issued on Monday,London Stock Exchange reports. The firm currently has a “neutral” rating on the stock. The Goldman Sachs Group’s target price would suggest a potential upside of 22.57% from the company’s current price.

A number of other brokerages also recently commented on GPE. Shore Capital Group reissued a “buy” rating on shares of Great Portland Estates in a research report on Thursday, January 15th. Berenberg Bank raised their target price on shares of Great Portland Estates from GBX 297 to GBX 377 and gave the company a “hold” rating in a research note on Tuesday, January 27th. Three investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of GBX 397.33.

Great Portland Estates Stock Up 1.1%

GPE traded up GBX 2.90 during trading on Monday, reaching GBX 277.40. 713,556 shares of the stock were exchanged, compared to its average volume of 3,406,501. The company has a debt-to-equity ratio of 53.27, a quick ratio of 0.46 and a current ratio of 1.80. The stock’s 50 day moving average price is GBX 332.81 and its two-hundred day moving average price is GBX 325.52. Great Portland Estates has a twelve month low of GBX 263.50 and a twelve month high of GBX 377. The stock has a market cap of £1.12 billion, a P/E ratio of 7.60, a price-to-earnings-growth ratio of 2.22 and a beta of 0.82.

Insiders Place Their Bets

In related news, insider Peter Duffy acquired 19,965 shares of Great Portland Estates stock in a transaction on Monday, March 2nd. The stock was purchased at an average cost of GBX 343 per share, with a total value of £68,479.95. Also, insider Jayne Cottam acquired 32,330 shares of the firm’s stock in a transaction on Tuesday, March 17th. The stock was bought at an average price of GBX 309 per share, for a total transaction of £99,899.70. Over the last ninety days, insiders have acquired 52,552 shares of company stock valued at $16,924,240. Company insiders own 1.53% of the company’s stock.

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.