Peel Hunt Reiterates Buy Rating for Great Portland Estates (LON:GPE)

Peel Hunt restated their buy rating on shares of Great Portland Estates (LON:GPE) in a research report report published on Thursday morning, MarketBeat Ratings reports. The firm currently has a GBX 375 ($5.12) price objective on the stock.

Separately, Shore Capital reaffirmed a “buy” rating on shares of Great Portland Estates in a report on Thursday.

Great Portland Estates Stock Performance

Shares of GPE opened at GBX 348.38 ($4.76) on Thursday. Great Portland Estates has a 12-month low of GBX 260 ($3.55) and a 12-month high of GBX 371.50 ($5.07). The company has a current ratio of 0.26, a quick ratio of 0.46 and a debt-to-equity ratio of 51.52. The company has a market cap of £1.40 billion, a PE ratio of 3.47, a price-to-earnings-growth ratio of 2.22 and a beta of 0.80. The stock has a 50-day moving average price of GBX 335.96 and a 200-day moving average price of GBX 302.59.

Great Portland Estates (LON:GPE) last announced its earnings results on Wednesday, May 21st. The company reported GBX 5.30 ($0.07) earnings per share for the quarter. Great Portland Estates had a net margin of 172.83% and a return on equity of 15.50%. As a group, equities analysts forecast that Great Portland Estates will post 6.1719457 earnings per share for the current fiscal year.

Insider Activity

In related news, insider Nick Sanderson sold 12,735 shares of the business’s stock in a transaction that occurred on Tuesday, May 27th. The stock was sold at an average price of GBX 327 ($4.46), for a total value of £41,643.45 ($56,851.13). Also, insider Dan Nicholson sold 4,749 shares of the company’s stock in a transaction that occurred on Tuesday, May 27th. The stock was sold at an average price of GBX 327 ($4.46), for a total value of £15,529.23 ($21,200.31). In the last three months, insiders have bought 304 shares of company stock worth $104,377 and have sold 35,994 shares worth $11,770,038. Corporate insiders own 1.43% of the company’s stock.

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.