Insider Buying: Great Portland Estates (LON:GPE) Insider Buys 49 Shares of Stock

Key Points

• Toby Courtauld, an insider at Great Portland Estates, purchased 49 shares on April 30 at an average price of GBX 304 (total £148.96).
• GPE traded around GBX 308.83 on high volume (27.22m vs. avg 4.21m); the company has a market cap of £1.25bn, a P/E of 8.46, and analysts have a consensus “Moderate Buy” with an average target of GBX 400.88.

Great Portland Estates Plc (LON:GPE - Get Free Report) insider Toby Courtauld acquired 49 shares of the company's stock in a transaction dated Thursday, April 30th. The shares were purchased at an average price of GBX 304 per share, for a total transaction of £148.96.

Great Portland Estates Stock Down 0.1%

Shares of GPE traded down GBX 0.38 during mid-day trading on Friday, reaching GBX 308.83. 27,219,023 shares of the stock traded hands, compared to its average volume of 4,214,440. The firm has a market cap of £1.25 billion, a price-to-earnings ratio of 8.46, a P/E/G ratio of 2.22 and a beta of 0.90. The stock has a fifty day simple moving average of GBX 310.84 and a 200 day simple moving average of GBX 324.14. Great Portland Estates Plc has a 12-month low of GBX 270 and a 12-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.

Analysts Set New Price Targets

A number of analysts have recently issued reports on GPE shares. Shore Capital Group reiterated a "buy" rating on shares of Great Portland Estates in a research note on Thursday, January 15th. Stifel Nicolaus reiterated a "hold" rating and set a GBX 370 price objective on shares of Great Portland Estates in a research note on Wednesday, April 15th. Deutsche Bank Aktiengesellschaft reissued a "buy" rating and set a GBX 450 price target on shares of Great Portland Estates in a research report on Thursday, April 16th. Jefferies Financial Group reissued a "hold" rating and set a GBX 345 price target on shares of Great Portland Estates in a research report on Thursday, April 9th. Finally, Berenberg Bank raised their price target on shares of Great Portland Estates from GBX 297 to GBX 377 and gave the stock a "hold" rating in a research report on Tuesday, January 27th. Four analysts have rated the stock with a Buy rating and four have given a Hold rating to the stock. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus target price of GBX 400.88.

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.

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