Stifel Nicolaus Reiterates “Hold” Rating for Great Portland Estates (LON:GPE)

Great Portland Estates (LON:GPE)‘s stock had its “hold” rating reiterated by equities researchers at Stifel Nicolaus in a research report issued to clients and investors on Wednesday,Digital Look reports. They presently have a GBX 370 price target on the stock. Stifel Nicolaus’ price objective would suggest a potential upside of 15.05% from the company’s previous close.

Several other equities analysts also recently weighed in on GPE. Shore Capital Group reiterated a “buy” rating on shares of Great Portland Estates in a report on Thursday, January 15th. Berenberg Bank increased their price target on shares of Great Portland Estates from GBX 297 to GBX 377 and gave the stock a “hold” rating in a report on Tuesday, January 27th. Jefferies Financial Group reiterated a “hold” rating and issued a GBX 345 price target on shares of Great Portland Estates in a report on Thursday, April 9th. Finally, The Goldman Sachs Group lowered their price objective on Great Portland Estates from GBX 370 to GBX 340 and set a “neutral” rating on the stock in a research report on Monday, March 30th. Three analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company. According to MarketBeat, Great Portland Estates has a consensus rating of “Hold” and an average price target of GBX 393.86.

Great Portland Estates Stock Up 1.4%

Shares of LON GPE traded up GBX 4.40 during midday trading on Wednesday, reaching GBX 321.60. 895,511 shares of the company’s stock traded hands, compared to its average volume of 3,265,035. Great Portland Estates has a one year low of GBX 270 and a one year high of GBX 377. The company has a quick ratio of 0.46, a current ratio of 1.80 and a debt-to-equity ratio of 53.27. The company has a market cap of £1.30 billion, a price-to-earnings ratio of 8.81, a P/E/G ratio of 2.22 and a beta of 0.90. The stock’s 50 day simple moving average is GBX 318.11 and its 200-day simple moving average is GBX 324.52.

Insider Activity at Great Portland Estates

In other news, insider Jayne Cottam bought 32,330 shares of the business’s stock in a transaction dated Tuesday, March 17th. The stock was purchased at an average cost of GBX 309 per share, with a total value of £99,899.70. Also, insider Peter Duffy bought 19,965 shares of the firm’s stock in a transaction dated Monday, March 2nd. The shares were acquired at an average price of GBX 343 per share, for a total transaction of £68,479.95. Over the last ninety days, insiders have bought 52,410 shares of company stock valued at $16,879,510. Insiders own 1.53% of the company’s stock.

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.