Great Portland Estates (LON:GPE) Receives Hold Rating from Jefferies Financial Group

Great Portland Estates (LON:GPE)‘s stock had its “hold” rating restated by Jefferies Financial Group in a research report issued on Thursday,London Stock Exchange reports. They currently have a GBX 345 target price on the stock. Jefferies Financial Group’s price objective would indicate a potential upside of 14.62% from the stock’s current price.

Several other brokerages also recently weighed in on GPE. Berenberg Bank upped their target price on Great Portland Estates from GBX 297 to GBX 377 and gave the stock a “hold” rating in a research report on Tuesday, January 27th. 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. Finally, Shore Capital Group reaffirmed a “buy” rating on shares of Great Portland Estates in a research report on Thursday, January 15th. Three analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of GBX 397.83.

Great Portland Estates Trading Down 2.5%

GPE stock traded down GBX 7.60 during trading on Thursday, reaching GBX 301. 14,799,853 shares of the stock traded hands, compared to its average volume of 3,443,504. The business’s 50 day moving average price is GBX 322.98 and its 200-day moving average price is GBX 324.49. Great Portland Estates has a 52-week low of GBX 270 and a 52-week high of GBX 377. The company has a debt-to-equity ratio of 53.27, a current ratio of 1.80 and a quick ratio of 0.46. The firm has a market capitalization of £1.21 billion, a PE ratio of 8.25, a P/E/G ratio of 2.22 and a beta of 0.82.

Insider Activity at Great Portland Estates

In other news, insider Jayne Cottam acquired 32,330 shares of the business’s stock in a transaction on Tuesday, March 17th. The shares were purchased at an average price 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 on Monday, March 2nd. The shares were purchased at an average price of GBX 343 per share, for a total transaction of £68,479.95. Insiders have acquired 52,410 shares of company stock worth $16,879,510 in the last 90 days. 1.53% of the stock is currently owned by 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.