Great Portland Estates (LON:GPE) Insider Buys £149.46 in Stock

Key Points

• Insider purchase: Great Portland Estates director Dan Nicholson bought 47 shares at GBX 318 each, spending £149.46. This follows two similar purchases in July and August.
• Shares declined: GPE fell 3.0% to GBX 301.60, with a market capitalization of approximately £1.22 billion. The stock has traded between GBX 270 and GBX 377 over the past year.
• Analyst outlook: Coverage remains mixed, with four Buy, four Hold and one Sell rating; the consensus rating is Hold, with an average price target of GBX 373.

Great Portland Estates Plc (LON:GPE - Get Free Report) insider Dan Nicholson purchased 47 shares of the company's stock in a transaction on Wednesday, September 30th. The shares were bought at an average price of GBX 318 per share, with a total value of £149.46.

Dan Nicholson also recently made the following trade(s):

• On Friday, August 28th, Dan Nicholson acquired 44 shares of Great Portland Estates stock. The stock was bought at an average price of GBX 340 per share, for a total transaction of £149.60.
• On Friday, July 31st, Dan Nicholson bought 43 shares of Great Portland Estates stock. The stock was bought at an average price of GBX 354 per share, with a total value of £152.22.

Great Portland Estates Trading Down 3.0%

LON GPE traded down GBX 9.40 on Thursday, reaching GBX 301.60. The stock had a trading volume of 833,862 shares, compared to its average volume of 3,760,768. Great Portland Estates Plc has a 12-month low of GBX 270 and a 12-month high of GBX 377. The stock has a fifty day moving average price of GBX 333.09 and a two-hundred day moving average price of GBX 320.14. The firm has a market capitalization of £1.22 billion, a price-to-earnings ratio of 7.92, a P/E/G ratio of 2.22 and a beta of 0.91. The company has a quick ratio of 0.46, a current ratio of 0.54 and a debt-to-equity ratio of 41.28.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on GPE shares. Jefferies Financial Group reiterated a "hold" rating and set a GBX 334 target price on shares of Great Portland Estates in a report on Thursday, July 2nd. Berenberg Bank cut their target price on shares of Great Portland Estates from GBX 377 to GBX 360 and set a "hold" rating on the stock in a research note on Monday, June 22nd. Four analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, Great Portland Estates presently has a consensus rating of "Hold" and an average price target of GBX 373.

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.

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