Shore Capital Reiterates "Buy" Rating for Great Portland Estates (LON:GPE)

Key Points

• Shore Capital has reiterated a "Buy" rating for Great Portland Estates (LON:GPE) with a price target of GBX 510, indicating a potential upside of 73.47% from the current stock price.
• Other analysts have also weighed in, with Peel Hunt maintaining a "Buy" rating at a price target of GBX 375 and Jefferies Financial Group rating it as "Hold" with a GBX 315 target.
• The stock currently trades at GBX 294 and has an average rating of "Moderate Buy" among analysts, with a consensus price target of GBX 395.50.

Shore Capital reaffirmed their buy rating on shares of Great Portland Estates (LON:GPE - Free Report) in a report issued on Friday, Marketbeat Ratings reports. The firm currently has a GBX 510 price objective on the stock.

Several other research firms have also issued reports on GPE. Peel Hunt reaffirmed a "buy" rating and issued a GBX 375 target price on shares of Great Portland Estates in a report on Thursday, July 3rd. Jefferies Financial Group reaffirmed a "hold" rating and issued a GBX 315 target price on shares of Great Portland Estates in a report on Thursday, August 7th. Two 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 has a consensus rating of "Moderate Buy" and a consensus price target of GBX 395.50.

Great Portland Estates Stock Up 1.4%

Great Portland Estates stock traded up GBX 4 during trading on Friday, hitting GBX 300. 35,436,949 shares of the company were exchanged, compared to its average volume of 1,998,672. The business's 50 day moving average is GBX 330.46 and its 200 day moving average is GBX 317.60. Great Portland Estates has a 52 week low of GBX 260 and a 52 week high of GBX 371.50. The company has a market capitalization of £1.21 billion, a P/E ratio of 996.68, a PEG ratio of 2.22 and a beta of 0.80. The company has a current ratio of 0.26, a quick ratio of 0.46 and a debt-to-equity ratio of 51.52.

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.