Great Portland Estates (LON:GPE) Receives Hold Rating from Berenberg Bank

Great Portland Estates (LON:GPE)‘s stock had its “hold” rating reaffirmed by analysts at Berenberg Bank in a report issued on Thursday,London Stock Exchange reports. They currently have a GBX 377 price target on the stock. Berenberg Bank’s price objective points to a potential upside of 22.64% from the company’s current price.

GPE has been the topic of several other research reports. Jefferies Financial Group restated a “hold” rating and set a GBX 345 target price on shares of Great Portland Estates in a research note on Thursday, April 9th. Deutsche Bank Aktiengesellschaft restated a “buy” rating and set a GBX 450 target price on shares of Great Portland Estates in a research note on Thursday, April 16th. Shore Capital Group restated a “buy” rating on shares of Great Portland Estates in a research note on Friday, May 8th. The Goldman Sachs Group lowered their target price on shares of Great Portland Estates from GBX 370 to GBX 340 and set a “neutral” rating on the stock in a research note on Monday, March 30th. Finally, UBS Group restated a “sell” rating and set a GBX 315 target price on shares of Great Portland Estates in a research note on Monday. Four analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of GBX 391.33.

Great Portland Estates Stock Performance

Shares of GPE stock opened at GBX 307.40 on Thursday. Great Portland Estates has a one year low of GBX 270 and a one year high of GBX 377. The company’s 50-day moving average is GBX 303.57 and its 200 day moving average is GBX 320.95. The company has a market capitalization of £1.24 billion, a price-to-earnings ratio of 8.42, a price-to-earnings-growth ratio of 2.22 and a beta of 0.92. The company has a debt-to-equity ratio of 53.27, a quick ratio of 0.46 and a current ratio of 1.80.

Insiders Place Their Bets

In other news, insider Peter Duffy acquired 19,965 shares of Great Portland Estates stock in a transaction that occurred on Monday, March 2nd. The stock was bought at an average price of GBX 343 per share, for a total transaction of £68,479.95. Also, insider Jayne Cottam acquired 32,330 shares of the company’s stock in a transaction that occurred on Tuesday, March 17th. The stock was acquired at an average cost of GBX 309 per share, for a total transaction of £99,899.70. In the last quarter, insiders have purchased 52,428 shares of company stock valued at $16,879,622. 1.53% of the stock is owned by company 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.