Great Portland Estates (LON:GPE) Shares Up 2.1% – Here’s Why

Great Portland Estates Plc (LON:GPE) shot up 2.1% during mid-day trading on Wednesday . The stock traded as high as GBX 343.50 and last traded at GBX 338.95. 1,926,099 shares traded hands during mid-day trading, a decline of 53% from the average session volume of 4,111,386 shares. The stock had previously closed at GBX 332.

Wall Street Analysts Forecast Growth

A number of equities analysts recently issued reports on GPE shares. Jefferies Financial Group boosted their price objective on Great Portland Estates from GBX 332 to GBX 342 and gave the company a “hold” rating in a report on Wednesday, November 19th. Berenberg Bank upped their price target on shares of Great Portland Estates from GBX 297 to GBX 377 and gave the stock a “hold” rating in a report on Tuesday, January 27th. Shore Capital Group reaffirmed a “buy” rating on shares of Great Portland Estates in a research note on Thursday, January 15th. Peel Hunt reissued a “buy” rating and issued a GBX 375 price objective on shares of Great Portland Estates in a research report on Tuesday, November 18th. Finally, Panmure Gordon restated a “buy” rating and issued a GBX 440 target price on shares of Great Portland Estates in a research note on Wednesday, November 19th. Three research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of GBX 408.80.

Great Portland Estates Price Performance

The company has a debt-to-equity ratio of 51.52, a current ratio of 0.26 and a quick ratio of 0.46. The firm has a fifty day moving average of GBX 336.94 and a two-hundred day moving average of GBX 325.59. The stock has a market capitalization of £1.39 billion, a P/E ratio of 9.42, a P/E/G ratio of 2.22 and a beta of 0.80.

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.