Great Portland Estates (LON:GPE) Reaches New 1-Year Low – Here’s Why

Posted by Defense World Staff on Dec 29th, 2024

Great Portland Estates Plc (LON:GPE – Get Free Report)’s stock price reached a new 52-week low during trading on Friday . The stock traded as low as GBX 285 ($3.59) and last traded at GBX 287 ($3.61), with a volume of 1380864 shares traded. The stock had previously closed at GBX 286.50 ($3.61).

Analysts Set New Price Targets

Separately, Berenberg Bank reissued a “hold” rating and issued a GBX 382 ($4.81) price target on shares of Great Portland Estates in a research note on Thursday, December 19th. Two analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of GBX 405.50 ($5.10).

Check Out Our Latest Stock Report on Great Portland Estates

Great Portland Estates Stock Up 0.2 %

The firm has a market cap of £1.17 billion, a P/E ratio of -284.65, a price-to-earnings-growth ratio of 2.22 and a beta of 0.80. The company’s 50-day simple moving average is GBX 303.26 and its 200 day simple moving average is GBX 331.02. The company has a debt-to-equity ratio of 51.52, a current ratio of 0.26 and a quick ratio of 0.46.

Great Portland Estates Cuts Dividend

The company also recently announced a dividend, which will be paid on Friday, January 3rd. Shareholders of record on Thursday, November 21st will be issued a GBX 2.90 ($0.04) dividend. The ex-dividend date is Thursday, November 21st. This represents a yield of 0.98%. Great Portland Estates’s payout ratio is -1,188.12%.

Insider Buying and Selling at Great Portland Estates

In related news, insider Richard Stephen Mully bought 14,000 shares of the firm’s stock in a transaction that occurred on Monday, November 18th. The stock was purchased at an average cost of GBX 293 ($3.69) per share, for a total transaction of £41,020 ($51,616.96). Insiders have acquired 14,139 shares of company stock worth $4,146,846 over the last quarter. 1.43% of the stock is currently owned by company insiders.

Great Portland Estates Company Profile

(Get Free Report)

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.