Great Portland Estates (LON:GPE) Shares Up 1% - Still a Buy?

Key Points

• Great Portland Estates' share price increased by 1% to GBX 312.50 ($4.19) amid lower trading volume, signaling potential market interest despite recent declines.
• Analysts have given mixed ratings on GPE, with two firms issuing a "buy" rating targeting up to GBX 510, while others maintain a "hold" recommendation, indicating varied investor sentiment.
• The company's financial ratios reflect significant debt, with a debt-to-equity ratio of 51.52, raising questions about its financial leverage in the real estate market.

Great Portland Estates Plc (LON:GPE - Get Free Report)'s share price shot up 1% on Friday . The company traded as high as GBX 313.50 ($4.20) and last traded at GBX 312.50 ($4.19). 507,957 shares were traded during mid-day trading, a decline of 73% from the average session volume of 1,915,637 shares. The stock had previously closed at GBX 309.50 ($4.15).

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on GPE. Jefferies Financial Group reiterated a "hold" rating and issued a GBX 315 price objective on shares of Great Portland Estates in a research note on Thursday, August 7th. Peel Hunt reiterated a "buy" rating and issued a GBX 375 price objective on shares of Great Portland Estates in a research note on Thursday, July 3rd. Finally, Shore Capital reiterated a "buy" rating and issued a GBX 510 price objective on shares of Great Portland Estates in a research note on Friday, September 5th. Two equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company's stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of GBX 395.50.

Great Portland Estates Stock Performance

The company's fifty day simple moving average is GBX 319.03 and its 200 day simple moving average is GBX 320.32. The company has a current ratio of 0.26, a quick ratio of 0.46 and a debt-to-equity ratio of 51.52. The stock has a market capitalization of £1.26 billion, a P/E ratio of 1,038.21, a P/E/G ratio of 2.22 and a beta of 0.80.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.