Insider Buying: Great Portland Estates (LON:GPE) Insider Buys 44 Shares of Stock

Key Points

• Insider buying: Great Portland Estates director Dan Nicholson purchased 44 shares at GBX 340, worth £149.60, following similar purchases in June and July.
• Shares declined 2.1%: The stock fell to GBX 330.60 during Tuesday trading, with the company valued at approximately £1.33 billion.
• Analyst consensus remains “Hold”: Ratings include four Buys, four Holds and one Sell, with an average price target of GBX 388.22.

Great Portland Estates Plc (LON:GPE - Get Free Report) insider Dan Nicholson bought 44 shares of the firm's stock in a transaction on Friday, August 28th. The stock was purchased at an average price of GBX 340 per share, for a total transaction of £149.60.

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

• On Friday, July 31st, Dan Nicholson purchased 43 shares of Great Portland Estates stock. The shares were purchased at an average price of GBX 354 per share, for a total transaction of £152.22.
• On Tuesday, June 30th, Dan Nicholson bought 45 shares of Great Portland Estates stock. The shares were purchased at an average price of GBX 334 per share, with a total value of £150.30.

Great Portland Estates Stock Down 2.1%

Great Portland Estates stock traded down GBX 7 during mid-day trading on Tuesday, reaching GBX 330.60. 4,348,990 shares of the company's stock were exchanged, compared to its average volume of 4,097,280. The company has a quick ratio of 0.46, a current ratio of 0.54 and a debt-to-equity ratio of 41.28. Great Portland Estates Plc has a twelve month low of GBX 270 and a twelve month high of GBX 377. The company has a market cap of £1.33 billion, a P/E ratio of 8.68, a P/E/G ratio of 2.22 and a beta of 0.91. The company has a fifty day moving average of GBX 342.71 and a 200-day moving average of GBX 323.25.

Great Portland Estates (LON:GPE - Get Free Report) last posted its quarterly earnings results on Thursday, June 25th. The company reported GBX 3.90 earnings per share (EPS) for the quarter. Great Portland Estates had a return on equity of 7.41% and a net margin of 131.04%.The company had revenue of GBX 5,460 million for the quarter. Sell-side analysts expect that Great Portland Estates Plc will post 6.1719457 EPS for the current year.

Analysts Set New Price Targets

GPE has been the subject of a number of analyst reports. Shore Capital Group reiterated a "buy" rating on shares of Great Portland Estates in a research note on Friday, May 8th. UBS Group restated a "sell" rating and issued a GBX 315 price target on shares of Great Portland Estates in a research note on Monday, May 18th. Jefferies Financial Group reaffirmed a "hold" rating and set a GBX 334 price target on shares of Great Portland Estates in a report on Thursday, July 2nd. Finally, Berenberg Bank lowered their price objective on Great Portland Estates from GBX 377 to GBX 360 and set a "hold" rating for the company in a research report on Monday, June 22nd. Four equities research analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, Great Portland Estates has a consensus rating of "Hold" and an average target price of GBX 388.22.

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 reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

Continue following MarketBeat

Add MarketBeat as your preferred source on Google to see our latest stories in your feed.

Add As Preferred Source