Great Portland Estates (LON:GPE) Shares Up 0.2% - Still a Buy?

Key Points

• Great Portland Estates shares rose 0.2% to GBX 348.20, though trading volume was 84% below the stock’s average daily volume.
• Analyst sentiment remains mixed, with four Buy, four Hold and one Sell rating; the consensus is Hold with a GBX 388.22 price target.
• The company reported quarterly EPS of GBX 3.90 and revenue of GBX 5,460 million. Two insiders sold shares in June, while insiders own 1.55% of the company.

Great Portland Estates Plc (LON:GPE - Get Free Report)'s stock price shot up 0.2% on Monday . The company traded as high as GBX 349.80 and last traded at GBX 348.20. 666,981 shares were traded during mid-day trading, a decline of 84% from the average daily volume of 4,181,127 shares. The stock had previously closed at GBX 347.60.

Analysts Set New Price Targets

A number of research analysts have commented on GPE shares. Shore Capital Group reiterated a "buy" rating on shares of Great Portland Estates in a research report on Friday, May 8th. Jefferies Financial Group restated a "hold" rating and issued a GBX 334 price objective on shares of Great Portland Estates in a report on Thursday, July 2nd. UBS Group reaffirmed a "sell" rating and issued a GBX 315 price objective on shares of Great Portland Estates in a research note on Monday, May 18th. Finally, Berenberg Bank reduced 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 report on Monday, June 22nd. Four research analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus price target of GBX 388.22.

Great Portland Estates Stock Up 0.2%

The company has a current ratio of 0.54, a quick ratio of 0.46 and a debt-to-equity ratio of 41.28. The stock has a 50 day simple moving average of GBX 340.59 and a 200 day simple moving average of GBX 323.85. The firm has a market capitalization of £1.40 billion, a PE ratio of 9.14, a PEG ratio of 2.22 and a beta of 0.91.

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

Insiders Place Their Bets

In other Great Portland Estates news, insider Dan Nicholson sold 16,037 shares of the business's stock in a transaction dated Tuesday, June 2nd. The shares were sold at an average price of GBX 314, for a total value of £50,356.18. Also, insider Toby Courtauld sold 29,288 shares of the business's stock in a transaction dated Tuesday, June 2nd. The shares were sold at an average price of GBX 314, for a total transaction of £91,964.32. In the last three months, insiders acquired 271 shares of company stock worth $90,102. Insiders own 1.55% of the company's stock.

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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