Great Portland Estates (LON:GPE) Releases Earnings Results

Great Portland Estates (LON:GPE – Get Free Report) announced its quarterly earnings data on Thursday. The company reported GBX 3.90 earnings per share for the quarter, Digital Look Earnings reports. 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 for the quarter.

Great Portland Estates Stock Performance

Shares of GPE opened at GBX 334.20 on Friday. Great Portland Estates has a 12-month low of GBX 270 and a 12-month high of GBX 377. 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 company has a 50-day moving average of GBX 312.80 and a two-hundred day moving average of GBX 319.13. The stock has a market cap of £1.35 billion, a P/E ratio of 8.77, a PEG ratio of 2.22 and a beta of 0.91.

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Insider Buying and Selling at Great Portland Estates

In other news, insider Dan Nicholson sold 16,037 shares of the firm’s stock in a transaction on Tuesday, June 2nd. The stock was sold at an average price of GBX 314, for a total transaction of £50,356.18. Also, insider Toby Courtauld sold 29,288 shares of the business’s stock in a transaction that occurred on Tuesday, June 2nd. The shares were sold at an average price of GBX 314, for a total transaction of £91,964.32. Insiders bought 194 shares of company stock worth $59,744 over the last 90 days. Company insiders own 1.54% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have recently issued reports on GPE shares. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and issued a GBX 450 price target on shares of Great Portland Estates in a report on Thursday, April 16th. UBS Group restated a “sell” rating and set a GBX 315 target price on shares of Great Portland Estates in a research report on Monday, May 18th. Shore Capital Group reiterated a “buy” rating on shares of Great Portland Estates in a research report on Friday, May 8th. Berenberg Bank decreased their price target on Great Portland Estates from GBX 377 to GBX 360 and set a “hold” rating on the stock in a research note on Monday, June 22nd. Finally, Stifel Nicolaus restated a “hold” rating and issued a GBX 370 price target on shares of Great Portland Estates in a report on Wednesday, April 15th. Four analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and an average target price of GBX 388.22.

View Our Latest Analysis on Great Portland Estates

Great Portland Estates Company Profile

(Get Free Report)

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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