Insider Buying: Great Portland Estates (LON:GPE) Insider Buys £149.60 in Stock

Great Portland Estates Plc (LON:GPE) insider Dan Nicholson bought 44 shares of the company’s stock in a transaction on Friday, August 28th. The stock was bought at an average cost of GBX 340 per share, for a total transaction of £149.60.

Dan Nicholson also recently made the following trade(s):

• On Friday, July 31st, Dan Nicholson purchased 43 shares of Great Portland Estates stock. The shares were purchased at an average price of GBX 354 per share, with a total value of £152.22.
• On Tuesday, June 30th, Dan Nicholson acquired 45 shares of Great Portland Estates stock. The stock was purchased at an average cost of GBX 334 per share, for a total transaction of £150.30.

Great Portland Estates Stock Performance

Great Portland Estates stock traded down GBX 7 during midday trading on Tuesday, reaching GBX 330.60. 4,348,990 shares of the stock traded hands, compared to its average volume of 4,097,280. Great Portland Estates Plc has a fifty-two week low of GBX 270 and a fifty-two week high of GBX 377. The company has a current ratio of 0.54, a quick ratio of 0.46 and a debt-to-equity ratio of 41.28. The firm has a market cap of £1.33 billion, a price-to-earnings ratio of 8.68, a PEG ratio of 2.22 and a beta of 0.91. The firm has a fifty day moving average price of GBX 342.71 and a two-hundred day moving average price of GBX 323.25.

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

Analyst Ratings Changes

GPE has been the subject of a number of research analyst reports. Shore Capital Group reaffirmed a “buy” rating on shares of Great Portland Estates in a research note on Friday, May 8th. UBS Group restated a “sell” rating and issued a GBX 315 target price on shares of Great Portland Estates in a research report on Monday, May 18th. Berenberg Bank decreased their price target on Great Portland Estates from GBX 377 to GBX 360 and set a “hold” rating for the company in a research note on Monday, June 22nd. Finally, Jefferies Financial Group reiterated a “hold” rating and set a GBX 334 price target on shares of Great Portland Estates in a research report on Thursday, July 2nd. Four investment analysts have rated the stock with a Buy rating, four have given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, Great Portland Estates presently has an average rating of “Hold” and a consensus target price of GBX 388.22.

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.