Brokerages Set Great Portland Estates Plc (LON:GPE) PT at GBX 391.33

Great Portland Estates Plc (LON:GPE) has been assigned an average recommendation of “Hold” from the nine research firms that are presently covering the firm, MarketBeat.com reports. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and four have issued a buy rating on the company. The average 12-month price objective among analysts that have covered the stock in the last year is GBX 388.89.

A number of equities research analysts have recently commented on GPE shares. Stifel Nicolaus reiterated a “hold” rating and issued a GBX 370 target price on shares of Great Portland Estates in a research report on Wednesday, April 15th. Jefferies Financial Group reiterated a “hold” rating and issued a GBX 323 target price on shares of Great Portland Estates in a research report on Thursday. Berenberg Bank reiterated a “hold” rating and issued a GBX 377 target price on shares of Great Portland Estates in a research report on Thursday. Shore Capital Group reiterated a “buy” rating on shares of Great Portland Estates in a research report on Friday, May 8th. Finally, The Goldman Sachs Group cut their price objective on shares of Great Portland Estates from GBX 370 to GBX 340 and set a “neutral” rating for the company in a research report on Monday, March 30th.

Great Portland Estates Stock Up 1.6%

Shares of LON GPE opened at GBX 313.20 on Tuesday. The firm has a 50-day simple moving average of GBX 303.45 and a 200-day simple moving average of GBX 320.72. The stock has a market capitalization of £1.26 billion, a price-to-earnings ratio of 8.58, a price-to-earnings-growth ratio of 2.22 and a beta of 0.92. Great Portland Estates has a 52 week low of GBX 270 and a 52 week high of GBX 377.

Great Portland Estates (LON:GPE) last issued its earnings results on Friday, May 22nd. The company reported GBX 8.60 EPS for the quarter. The business had revenue of £117.90 million during the quarter. Great Portland Estates had a net margin of 131.04% and a return on equity of 7.41%. As a group, equities research analysts expect that Great Portland Estates will post 6.1719457 EPS for the current year.

Insider Activity

In other news, insider Peter Duffy purchased 19,965 shares of Great Portland Estates stock in a transaction dated Monday, March 2nd. The shares were purchased at an average price of GBX 343 per share, with a total value of £68,479.95. Also, insider Jayne Cottam bought 32,330 shares of the business’s stock in a transaction on Tuesday, March 17th. The shares were acquired at an average cost of GBX 309 per share, with a total value of £99,899.70. Over the last 90 days, insiders have purchased 52,428 shares of company stock valued at $16,879,622. 1.53% of the stock is owned by company 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.