Berenberg Bank Issues Positive Forecast for Great Portland Estates (LON:GPE) Stock Price

Great Portland Estates (LON:GPE) had its price objective boosted by Berenberg Bank from GBX 297 to GBX 377 in a research note issued to investors on Tuesday morning, Marketbeat.com reports. Berenberg Bank currently has a hold rating on the stock.

A number of other equities research analysts have also issued reports on the stock. Jefferies Financial Group upped their target price on shares of Great Portland Estates from GBX 332 to GBX 342 and gave the stock a “hold” rating in a report on Wednesday, November 19th. Peel Hunt reaffirmed a “buy” rating and set a GBX 375 price objective on shares of Great Portland Estates in a research note on Tuesday, November 18th. Panmure Gordon reiterated a “buy” rating and issued a GBX 440 price objective on shares of Great Portland Estates in a report on Wednesday, November 19th. Finally, Shore Capital restated a “buy” rating on shares of Great Portland Estates in a report on Thursday, January 15th. Three analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, Great Portland Estates currently has a consensus rating of “Moderate Buy” and a consensus price target of GBX 408.80.

Great Portland Estates Stock Up 1.1%

Shares of GPE opened at GBX 361 on Tuesday. The stock has a 50 day moving average price of GBX 320.35 and a 200 day moving average price of GBX 323.81. Great Portland Estates has a one year low of GBX 260 and a one year high of GBX 369. The company has a debt-to-equity ratio of 51.52, a quick ratio of 0.46 and a current ratio of 0.26. The stock has a market capitalization of £1.46 billion, a price-to-earnings ratio of 9.89, a PEG ratio of 2.22 and a beta of 0.80.

Insider Activity at Great Portland Estates

In other news, insider William Eccleshare purchased 4,000 shares of the business’s stock in a transaction dated Thursday, November 20th. The stock was acquired at an average price of GBX 310 per share, for a total transaction of £12,400. Also, insider Nick Sanderson purchased 88 shares of Great Portland Estates stock in a transaction dated Friday, October 31st. The shares were purchased at an average cost of GBX 336 per share, for a total transaction of £295.68. In the last three months, insiders bought 4,319 shares of company stock valued at $1,344,202. Corporate insiders own 1.53% of the company’s stock.

About Great Portland Estates

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.