Jefferies Financial Group Reaffirms "Hold" Rating for Great Portland Estates (LON:GPE)

Key Points

• Great Portland Estates' stock maintains a "hold" rating from Jefferies Financial Group, with a target price of GBX 315, indicating a potential downside of 6.67%.
• Insider activity shows that company executives have sold a combined total of 35,994 shares recently, potentially indicating a lack of confidence in the stock's short-term prospects.
• The stock's market capitalization stands at £1.35 billion with a recent price-to-earnings ratio of 3.36 and significant fluctuations in its twelve-month price range from GBX 260 to GBX 371.50.

Great Portland Estates (LON:GPE - Get Free Report)'s stock had its "hold" rating reaffirmed by equities research analysts at Jefferies Financial Group in a research report issued on Thursday, MarketBeat reports. They currently have a GBX 315 ($4.24) price target on the stock. Jefferies Financial Group's target price suggests a potential downside of 6.80% from the stock's current price.

GPE has been the topic of several other research reports. Peel Hunt reissued a "buy" rating and set a GBX 375 ($5.04) price target on shares of Great Portland Estates in a research note on Thursday, July 3rd. Shore Capital reissued a "buy" rating on shares of Great Portland Estates in a research note on Thursday, July 3rd.

Great Portland Estates Stock Performance

GPE traded down GBX 2.66 ($0.04) during trading on Thursday, reaching GBX 338 ($4.54). The company's stock had a trading volume of 341,940 shares, compared to its average volume of 1,902,773. Great Portland Estates has a 52-week low of GBX 260 ($3.50) and a 52-week high of GBX 371.50 ($4.99). The company's fifty day moving average price is GBX 343.37 and its 200-day moving average price is GBX 313.50. The company has a market capitalization of £1.35 billion, a price-to-earnings ratio of 3.37, a price-to-earnings-growth ratio of 2.22 and a beta of 0.80. The company has a debt-to-equity ratio of 51.52, a quick ratio of 0.46 and a current ratio of 0.26.

Great Portland Estates (LON:GPE - Get Free Report) last announced its quarterly earnings data on Wednesday, May 21st. The company reported GBX 5.30 ($0.07) earnings per share for the quarter. Great Portland Estates had a return on equity of 15.50% and a net margin of 172.83%. On average, equities analysts forecast that Great Portland Estates will post 6.1719457 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, insider Nick Sanderson sold 12,735 shares of Great Portland Estates stock in a transaction that occurred on Tuesday, May 27th. The stock was sold at an average price of GBX 327 ($4.40), for a total transaction of £41,643.45 ($55,987.43). Also, insider Toby Courtauld sold 18,510 shares of Great Portland Estates stock in a transaction that occurred on Tuesday, May 27th. The stock was sold at an average price of GBX 327 ($4.40), for a total value of £60,527.70 ($81,376.31). In the last ninety days, insiders purchased 389 shares of company stock worth $134,680 and sold 35,994 shares worth $11,770,038. Insiders own 1.43% 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.