Great Portland Estates (LON:GPE) Stock Price Down 1% – Time to Sell?

Great Portland Estates Plc (LON:GPE)’s share price dropped 1% on Monday . The company traded as low as GBX 301 and last traded at GBX 302. Approximately 1,271,517 shares were traded during trading, a decline of 46% from the average daily volume of 2,348,981 shares. The stock had previously closed at GBX 305.

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on GPE. Jefferies Financial Group lifted 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 note on Wednesday, November 19th. Panmure Gordon reissued a “buy” rating and set a GBX 440 price target on shares of Great Portland Estates in a report on Wednesday, November 19th. Peel Hunt reaffirmed a “buy” rating and issued a GBX 375 price objective on shares of Great Portland Estates in a research note on Tuesday, November 18th. Finally, Shore Capital reissued a “buy” rating on shares of Great Portland Estates in a research note on Tuesday, November 18th. Three equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of GBX 409.80.

Great Portland Estates Trading Up 1.3%

The business has a fifty day simple moving average of GBX 325.49 and a 200-day simple moving average of GBX 327.84. The company has a debt-to-equity ratio of 51.52, a quick ratio of 0.46 and a current ratio of 0.26. The firm has a market cap of £1.24 billion, a price-to-earnings ratio of 8.41, a PEG ratio of 2.22 and a beta of 0.80.

Insider Buying and Selling at Great Portland Estates

In related news, insider William Eccleshare bought 4,000 shares of Great Portland Estates stock in a transaction that occurred on Thursday, November 20th. The shares were acquired at an average cost of GBX 310 per share, for a total transaction of £12,400. Also, insider Nick Sanderson purchased 88 shares of the stock in a transaction on Friday, October 31st. The shares were purchased at an average price of GBX 336 per share, with a total value of £295.68. Over the last ninety days, insiders have purchased 4,273 shares of company stock valued at $1,329,808. 1.53% of the stock is owned by corporate 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.