Great Portland Estates (LON:GPE) Receives “Buy” Rating from Shore Capital

Great Portland Estates (LON:GPE)‘s stock had its “buy” rating restated by analysts at Shore Capital in a research report issued on Thursday,London Stock Exchange reports.

GPE has been the topic of a number of other research reports. Jefferies Financial Group boosted their price objective on shares of Great Portland Estates from GBX 332 to GBX 342 and gave the company a “hold” rating in a research report on Wednesday, November 19th. Peel Hunt reiterated a “buy” rating and set a GBX 375 target price on shares of Great Portland Estates in a report on Tuesday, November 18th. Finally, Panmure Gordon restated a “buy” rating and set 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 one has assigned a Hold rating to the company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of GBX 416.75.

Great Portland Estates Price Performance

Great Portland Estates stock traded up GBX 11.50 during mid-day trading on Thursday, reaching GBX 339. 1,082,977 shares of the company’s stock traded hands, compared to its average volume of 1,351,615. The company has a quick ratio of 0.46, a current ratio of 0.26 and a debt-to-equity ratio of 51.52. Great Portland Estates has a 12-month low of GBX 260 and a 12-month high of GBX 369. The stock has a 50 day moving average of GBX 318.06 and a two-hundred day moving average of GBX 323.90. The company has a market cap of £1.37 billion, a price-to-earnings ratio of 9.29, a PEG ratio of 2.22 and a beta of 0.80.

Insider Buying and Selling

In other Great Portland Estates news, insider William Eccleshare acquired 4,000 shares of the firm’s stock in a transaction on Thursday, November 20th. The stock was acquired at an average cost of GBX 310 per share, for a total transaction of £12,400. Also, insider Nick Sanderson acquired 88 shares of the company’s stock in a transaction dated Friday, October 31st. The stock was acquired at an average cost of GBX 336 per share, for a total transaction of £295.68. Insiders have acquired a total of 4,319 shares of company stock valued at $1,344,202 over the last three months. 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.