Analysts Set Great Portland Estates Plc (LON:GPE) Target Price at GBX 397.33

Great Portland Estates Plc (LON:GPE) has received an average recommendation of “Moderate Buy” from the six analysts that are presently covering the company, MarketBeat.com reports. Three equities research analysts have rated the stock with a hold recommendation and three have given a buy recommendation to the company. The average 1-year price objective among analysts that have updated their coverage on the stock in the last year is GBX 397.33.

GPE has been the subject of a number of research reports. The Goldman Sachs Group reduced their price objective on Great Portland Estates from GBX 370 to GBX 340 and set a “neutral” rating for the company in a research note on Monday. Shore Capital Group reiterated a “buy” rating on shares of Great Portland Estates in a report on Thursday, January 15th. Finally, Berenberg Bank lifted their price target on shares of Great Portland Estates from GBX 297 to GBX 377 and gave the company a “hold” rating in a research report on Tuesday, January 27th.

Insiders Place Their Bets

In other Great Portland Estates news, insider Jayne Cottam acquired 32,330 shares of Great Portland Estates stock in a transaction dated Tuesday, March 17th. The stock was purchased at an average cost of GBX 309 per share, for a total transaction of £99,899.70. Also, insider Peter Duffy bought 19,965 shares of the firm’s stock in a transaction dated Monday, March 2nd. The shares were acquired at an average cost of GBX 343 per share, with a total value of £68,479.95. Insiders acquired 52,410 shares of company stock worth $16,879,510 over the last ninety days. Insiders own 1.53% of the company’s stock.

Great Portland Estates Stock Up 2.1%

Great Portland Estates stock opened at GBX 289 on Monday. The company has a market capitalization of £1.17 billion, a PE ratio of 7.92, a PEG ratio of 2.22 and a beta of 0.82. Great Portland Estates has a 12-month low of GBX 263.50 and a 12-month high of GBX 377. The firm’s fifty day moving average is GBX 329.31 and its 200 day moving average is GBX 324.94. The company has a quick ratio of 0.46, a current ratio of 1.80 and a debt-to-equity ratio of 53.27.

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.