Great Portland Estates (LON:GPE) Price Target Raised to GBX 377

Great Portland Estates (LON:GPE) had its price target increased by Berenberg Bank from GBX 297 to GBX 377 in a report issued on Tuesday, MarketBeat reports. The brokerage currently has a hold rating on the stock.

Other equities analysts have also issued research reports about the company. Panmure Gordon reissued a “buy” rating and issued a GBX 440 target price on shares of Great Portland Estates in a research report on Wednesday, November 19th. Jefferies Financial Group boosted their target price 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. Shore Capital reiterated a “buy” rating on shares of Great Portland Estates in a research report on Thursday, January 15th. Finally, Peel Hunt reissued a “buy” rating and set a GBX 375 price objective on shares of Great Portland Estates in a research report on Tuesday, November 18th. Three equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat, Great Portland Estates currently has a consensus rating of “Moderate Buy” and a consensus target price of GBX 408.80.

Great Portland Estates Stock Performance

Shares of GPE opened at GBX 370 on Tuesday. Great Portland Estates has a 52 week low of GBX 260 and a 52 week high of GBX 372. The company has a quick ratio of 0.46, a current ratio of 0.26 and a debt-to-equity ratio of 51.52. The stock has a market cap of £1.49 billion, a P/E ratio of 10.14, a P/E/G ratio of 2.22 and a beta of 0.80. The business’s 50 day moving average price is GBX 322.82 and its 200-day moving average price is GBX 324.43.

Insiders Place Their Bets

In other Great Portland Estates news, insider William Eccleshare acquired 4,000 shares of the stock in a transaction on Thursday, November 20th. The stock was acquired at an average price of GBX 310 per share, for a total transaction of £12,400. Insiders have acquired a total of 4,142 shares of company stock valued at $1,284,730 in the last quarter. Insiders own 1.53% 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.