Berenberg Bank Reiterates “Hold” Rating for Great Portland Estates (LON:GPE)

Great Portland Estates (LON:GPE)‘s stock had its “hold” rating reiterated by stock analysts at Berenberg Bank in a note issued to investors on Thursday, Marketbeat Ratings reports. They presently have a GBX 382 ($4.80) target price on the stock. Berenberg Bank’s price objective would suggest a potential upside of 30.82% from the stock’s previous close.

Great Portland Estates Trading Up 0.3 %

Shares of Great Portland Estates stock opened at GBX 292 ($3.67) on Thursday. The company’s fifty day moving average price is GBX 308.33 and its two-hundred day moving average price is GBX 332.82. The firm has a market capitalization of £1.18 billion, a PE ratio of -289.11, a price-to-earnings-growth ratio of 2.22 and a beta of 0.80. Great Portland Estates has a 52-week low of GBX 287 ($3.61) and a 52-week high of GBX 441 ($5.54). The company has a debt-to-equity ratio of 51.52, a current ratio of 0.26 and a quick ratio of 0.46.

Insider Activity at Great Portland Estates

In other Great Portland Estates news, insider Dan Nicholson bought 3,040 shares of the firm’s stock in a transaction on Friday, September 27th. The stock was purchased at an average cost of GBX 360 ($4.52) per share, with a total value of £10,944 ($13,753.93). Also, insider Richard Stephen Mully purchased 14,000 shares of the business’s stock in a transaction on Monday, November 18th. The stock was bought at an average cost of GBX 293 ($3.68) per share, for a total transaction of £41,020 ($51,552.09). Insiders acquired 17,179 shares of company stock valued at $5,241,246 over the last ninety days. 1.43% of the stock is owned by insiders.

About Great Portland Estates

We are a FTSE 250 property investment and development company owning £2.5 billion of real estate in central London. We proactively manage our portfolio, flexing our activities in tune with London’s property cycle to deliver long-term out-performance. We create in-demand spaces that people want to be part of; helping our occupiers, local communities and the city to thrive.