Great Portland Estates (LON:GPE) Stock Price Down 0.9%

Shares of Great Portland Estates Plc (LON:GPEGet Rating) dropped 0.9% during mid-day trading on Wednesday . The stock traded as low as GBX 494.40 ($5.97) and last traded at GBX 496.20 ($6.00). Approximately 1,344,993 shares changed hands during trading, an increase of 302% from the average daily volume of 334,737 shares. The stock had previously closed at GBX 500.50 ($6.05).

Analysts Set New Price Targets

GPE has been the subject of several recent research reports. Barclays reiterated an “overweight” rating and set a GBX 700 ($8.46) target price on shares of Great Portland Estates in a report on Monday, May 30th. Baader Bank reduced their price target on shares of Great Portland Estates from GBX 700 ($8.46) to GBX 670 ($8.10) and set an “overweight” rating for the company in a research report on Monday, July 4th. One analyst has rated the stock with a sell rating, one has issued a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat, Great Portland Estates presently has an average rating of “Hold” and an average target price of GBX 717.50 ($8.67).

Great Portland Estates Price Performance

The stock has a market capitalization of £1.26 billion and a P/E ratio of 751.82. The company has a debt-to-equity ratio of 27.91, a quick ratio of 0.37 and a current ratio of 0.38. The company’s 50-day moving average is GBX 557.12.

About Great Portland Estates

(Get Rating)

We are a FTSE 250 property investment and development company owning £2.6 billion of real estate in central London. We proactively manage our portfolio, flexing our activities in tune with London's property cycle to deliver long-term out-performance. We create in-demand spaces that people want to be part of; helping our occupiers, local communities and the city to thrive.

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