Great Portland Estates (LON:GPE) Trading Up 0% – Here’s What Happened

Great Portland Estates Plc (LON:GPE)’s stock price shot up 0% on Wednesday . The company traded as high as GBX 356.20 and last traded at GBX 348.09. Approximately 428,237 shares changed hands during mid-day trading, a decline of 91% from the average daily volume of 4,624,847 shares. The stock had previously closed at GBX 348.

Analyst Upgrades and Downgrades

Several research analysts recently issued reports on the stock. Shore Capital Group reiterated a “buy” rating on shares of Great Portland Estates in a research note on Friday, May 8th. Berenberg Bank dropped their price objective on shares of Great Portland Estates from GBX 377 to GBX 360 and set a “hold” rating on the stock in a research note on Monday, June 22nd. Jefferies Financial Group restated a “hold” rating and issued a GBX 334 price objective on shares of Great Portland Estates in a report on Thursday, July 2nd. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and set a GBX 450 target price on shares of Great Portland Estates in a research note on Thursday, April 16th. Finally, UBS Group reiterated a “sell” rating and set a GBX 315 target price on shares of Great Portland Estates in a report on Monday, May 18th. Four research analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, Great Portland Estates currently has a consensus rating of “Hold” and a consensus price target of GBX 388.22.

Great Portland Estates Trading Down 1.4%

The stock has a fifty day simple moving average of GBX 326.67 and a 200 day simple moving average of GBX 323.56. The company has a debt-to-equity ratio of 41.28, a quick ratio of 0.46 and a current ratio of 0.54. The firm has a market cap of £1.41 billion, a P/E ratio of 9.16, a price-to-earnings-growth ratio of 2.22 and a beta of 0.91.

Great Portland Estates (LON:GPE) last announced its quarterly earnings results on Thursday, June 25th. The company reported GBX 3.90 earnings per share (EPS) for the quarter. Great Portland Estates had a return on equity of 7.41% and a net margin of 131.04%.The firm had revenue of GBX 5,460 million for the quarter. On average, research analysts expect that Great Portland Estates Plc will post 6.1719457 earnings per share for the current fiscal year.

Insider Activity

In other news, insider Toby Courtauld sold 29,288 shares of Great Portland Estates stock in a transaction that occurred on Tuesday, June 2nd. The shares were sold at an average price of GBX 314, for a total value of £91,964.32. Also, insider Dan Nicholson sold 16,037 shares of Great Portland Estates stock in a transaction that occurred on Tuesday, June 2nd. The stock was sold at an average price of GBX 314, for a total transaction of £50,356.18. Insiders have acquired a total of 186 shares of company stock worth $60,012 in the last 90 days. Company insiders own 1.55% of the company’s stock.

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.