Great Portland Estates (LON:GPE) Price Target Lowered to GBX 340 at The Goldman Sachs Group

Great Portland Estates (LON:GPE) had its target price reduced by The Goldman Sachs Group from GBX 370 to GBX 340 in a research report report published on Monday morning,London Stock Exchange reports. They currently have a neutral rating on the stock.

A number of other equities research analysts also recently commented on the company. Berenberg Bank upped their price objective on Great Portland Estates from GBX 297 to GBX 377 and gave the company a “hold” rating in a report on Tuesday, January 27th. Shore Capital Group restated a “buy” rating on shares of Great Portland Estates in a report on Thursday, January 15th. Three investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. Based on data from MarketBeat.com, Great Portland Estates has an average rating of “Moderate Buy” and an average target price of GBX 397.33.

Great Portland Estates Stock Performance

GPE stock opened at GBX 277.40 on Monday. Great Portland Estates has a twelve month low of GBX 263.50 and a twelve month high of GBX 377. The company has a quick ratio of 0.46, a current ratio of 1.80 and a debt-to-equity ratio of 53.27. The company has a market cap of £1.12 billion, a P/E ratio of 7.60, a price-to-earnings-growth ratio of 2.22 and a beta of 0.82. The business’s fifty day moving average is GBX 331.48 and its 200-day moving average is GBX 325.34.

Insider Buying and Selling at Great Portland Estates

In other Great Portland Estates news, insider Jayne Cottam bought 32,330 shares of Great Portland Estates stock in a transaction that occurred on Tuesday, March 17th. The stock was acquired at an average price 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 that occurred on Monday, March 2nd. The stock was acquired at an average cost of GBX 343 per share, with a total value of £68,479.95. Insiders have purchased 52,552 shares of company stock valued at $16,924,240 in the last 90 days. 1.53% of the stock is currently owned by corporate insiders.

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.