Great Portland Estates (LON:GPE) Stock Price Down 0.4% - Time to Sell?

Key Points

• Great Portland Estates Plc shares declined by 0.4%, trading at GBX 343.50 ($4.62) with a notable decrease in trading volume, down 67% from the average.
• Analysts maintain a "buy" rating for Great Portland Estates, with Peel Hunt setting a target price of GBX 375 ($5.04).
• Recent insider activity includes notable share sales by executives, with a total of 35,994 shares sold valued at approximately $11.77 million.

Great Portland Estates Plc (LON:GPE - Get Free Report) dropped 0.4% on Thursday . The stock traded as low as GBX 337 ($4.53) and last traded at GBX 343.50 ($4.62). Approximately 658,482 shares traded hands during trading, a decline of 67% from the average daily volume of 1,991,579 shares. The stock had previously closed at GBX 345 ($4.64).

Wall Street Analysts Forecast Growth

A number of equities research analysts have commented on the company. Shore Capital reissued a "buy" rating on shares of Great Portland Estates in a report on Thursday, July 3rd. Peel Hunt restated a "buy" rating and set a GBX 375 ($5.04) target price on shares of Great Portland Estates in a research report on Thursday, July 3rd.

Great Portland Estates Stock Down 0.4%

The company has a market cap of £1.36 billion, a P/E ratio of 3.38, a P/E/G ratio of 2.22 and a beta of 0.80. The company has a quick ratio of 0.46, a current ratio of 0.26 and a debt-to-equity ratio of 51.52. The business's 50 day moving average is GBX 342.55 and its 200 day moving average is GBX 309.06.

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

Insider Activity at Great Portland Estates

In related news, insider Nick Sanderson sold 12,735 shares of the company's stock in a transaction on Tuesday, May 27th. The stock was sold at an average price of GBX 327 ($4.39), for a total value of £41,643.45 ($55,957.34). Also, insider Dan Nicholson sold 4,749 shares of the company's stock in a transaction on Tuesday, May 27th. The shares were sold at an average price of GBX 327 ($4.39), for a total value of £15,529.23 ($20,867.01). In the last ninety days, insiders have bought 304 shares of company stock valued at $104,377 and have sold 35,994 shares valued at $11,770,038. 1.43% of the stock is owned by insiders.

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.