Nick Sanderson Acquires 48 Shares of Great Portland Estates (LON:GPE) Stock

Key Points

• Nick Sanderson, an insider at Great Portland Estates, recently bought 48 shares at an average price of GBX 316, adding to his previous purchases earlier this year.
• Great Portland Estates' stock has experienced a modest increase of 0.8%, trading at GBX 320.97, with a market capitalization of £1.29 billion.
• Analysts have shown optimism towards the stock, with a consensus rating of "Moderate Buy" and a target price of GBX 395.50 according to MarketBeat.com.

Great Portland Estates Plc (LON:GPE - Get Free Report) insider Nick Sanderson bought 48 shares of the business's stock in a transaction on Tuesday, September 30th. The stock was bought at an average price of GBX 316 per share, for a total transaction of £151.68.

Nick Sanderson also recently made the following trade(s):

• On Friday, August 29th, Nick Sanderson bought 49 shares of Great Portland Estates stock. The stock was bought at an average price of GBX 307 per share, for a total transaction of £150.43.
• On Thursday, July 31st, Nick Sanderson bought 44 shares of Great Portland Estates stock. The stock was bought at an average price of GBX 339 per share, for a total transaction of £149.16.

Great Portland Estates Stock Up 0.8%

GPE traded up GBX 2.47 on Wednesday, hitting GBX 320.97. The company had a trading volume of 479,794 shares, compared to its average volume of 1,894,449. Great Portland Estates Plc has a 12-month low of GBX 260 and a 12-month high of GBX 369. The stock has a market capitalization of £1.29 billion, a price-to-earnings ratio of 1,066.36, a P/E/G ratio of 2.22 and a beta of 0.80. The company has a debt-to-equity ratio of 51.52, a quick ratio of 0.46 and a current ratio of 0.26. The stock has a fifty day moving average price of GBX 317.74 and a 200-day moving average price of GBX 321.20.

Analyst Upgrades and Downgrades

A number of brokerages have recently weighed in on GPE. Peel Hunt restated a "buy" rating and set a GBX 375 price target on shares of Great Portland Estates in a research note on Thursday, July 3rd. Shore Capital restated a "buy" rating and set a GBX 510 price target on shares of Great Portland Estates in a research note on Friday, September 5th. Finally, Jefferies Financial Group restated a "hold" rating and set a GBX 315 price target on shares of Great Portland Estates in a research note on Thursday, August 7th. Two investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of GBX 395.50.

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.

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.