Shore Capital Reiterates Buy Rating for Great Portland Estates (LON:GPE)

Great Portland Estates (LON:GPE)‘s stock had its “buy” rating reaffirmed by research analysts at Shore Capital in a note issued to investors on Thursday, Marketbeat Ratings reports.

Great Portland Estates Price Performance

Shares of LON GPE opened at GBX 348.38 ($4.75) on Thursday. The firm’s 50-day moving average price is GBX 336.87 and its 200-day moving average price is GBX 302.95. Great Portland Estates has a 1-year low of GBX 260 ($3.55) and a 1-year high of GBX 371.50 ($5.07). The firm has a market capitalization of £1.40 billion, a P/E ratio of 3.47, a P/E/G 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 (LON:GPE) last announced its quarterly earnings data 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%. Equities research analysts anticipate that Great Portland Estates will post 6.1719457 earnings per share for the current fiscal year.

Insider Activity

In other news, insider Dan Nicholson sold 4,749 shares of the company’s stock in a transaction dated Tuesday, May 27th. The shares were sold at an average price of GBX 327 ($4.46), for a total transaction of £15,529.23 ($21,194.53). Also, insider Toby Courtauld sold 18,510 shares of the company’s stock in a transaction dated Tuesday, May 27th. The shares were sold at an average price of GBX 327 ($4.46), for a total transaction of £60,527.70 ($82,609.12). Over the last 90 days, insiders have purchased 304 shares of company stock worth $104,377 and have sold 35,994 shares worth $11,770,038. Company insiders own 1.43% of the company’s stock.

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.