Great Portland Estates Plc (LON:GPE – Get Free Report) shares shot up 0.2% during mid-day trading on Monday . The stock traded as high as GBX 349.80 and last traded at GBX 348.20. Approximately 666,981 shares traded hands during trading, a decline of 84% from the average session volume of 4,181,127 shares. The stock had previously closed at GBX 347.60.
Wall Street Analyst Weigh In
GPE has been the subject of a number of recent analyst reports. UBS Group restated a “sell” rating and set a GBX 315 target price on shares of Great Portland Estates in a report on Monday, May 18th. Berenberg Bank reduced their price objective on shares of Great Portland Estates from GBX 377 to GBX 360 and set a “hold” rating on the stock in a research report on Monday, June 22nd. 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. Finally, Shore Capital Group reaffirmed a “buy” rating on shares of Great Portland Estates in a research report on Friday, May 8th. Four investment analysts have rated the stock with a Buy rating, four have given a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, Great Portland Estates currently has a consensus rating of “Hold” and an average target price of GBX 388.22.
View Our Latest Research Report on Great Portland Estates
Great Portland Estates Stock Performance
Great Portland Estates (LON:GPE – Get Free Report) last posted its quarterly earnings data on Thursday, June 25th. The company reported GBX 3.90 earnings per share (EPS) for the quarter. The business had revenue of GBX 5,460 million during the quarter. Great Portland Estates had a return on equity of 7.41% and a net margin of 131.04%. As a group, equities research analysts predict that Great Portland Estates Plc will post 6.1719457 earnings per share for the current year.
Insider Activity
In related news, 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. Also, insider Dan Nicholson sold 16,037 shares of the company’s stock in a transaction dated Tuesday, June 2nd. The stock was sold at an average price of GBX 314, for a total transaction of £50,356.18. Over the last quarter, insiders purchased 271 shares of company stock valued at $90,102. 1.55% of the stock is owned by company insiders.
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.
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