Great Portland Estates (LON:GPE) Shares Up 2.3% – Still a Buy?

Great Portland Estates Plc (LON:GPE) shares rose 2.3% on Thursday . The stock traded as high as GBX 309 ($4.10) and last traded at GBX 309 ($4.10). Approximately 3,552,653 shares traded hands during trading, an increase of 37% from the average daily volume of 2,590,346 shares. The stock had previously closed at GBX 302 ($4.01).

Wall Street Analyst Weigh In

Separately, Berenberg Bank reiterated a “hold” rating and issued a GBX 382 ($5.07) price objective on shares of Great Portland Estates in a report on Thursday, December 19th.

Great Portland Estates Trading Up 2.3 %

The stock’s fifty day moving average price is GBX 285.57 and its 200 day moving average price is GBX 296.30. The stock has a market cap of £1.24 billion, a P/E ratio of 3.08, 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.