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

Posted by Defense World Staff on Dec 21st, 2024

Great Portland Estates (LON:GPE – Get Free Report)‘s stock had its “hold” rating restated by stock analysts at Berenberg Bank in a report issued on Thursday, MarketBeat.com reports. They currently have a GBX 382 ($4.80) price objective on the stock. Berenberg Bank’s target price indicates a potential upside of 30.82% from the stock’s previous close.

Great Portland Estates Trading Up 0.3 %

Great Portland Estates stock opened at GBX 292 ($3.67) on Thursday. Great Portland Estates has a 12 month low of GBX 287 ($3.61) and a 12 month high of GBX 441 ($5.54). The company has a quick ratio of 0.46, a current ratio of 0.26 and a debt-to-equity ratio of 51.52. The stock has a market cap of £1.18 billion, a P/E ratio of -289.11, a P/E/G ratio of 2.22 and a beta of 0.80. The company’s fifty day simple moving average is GBX 308.33 and its 200-day simple moving average is GBX 332.82.

Insider Transactions at Great Portland Estates

In other news, insider Richard Stephen Mully purchased 14,000 shares of the company’s stock in a transaction dated Monday, November 18th. The shares were bought at an average price of GBX 293 ($3.68) per share, with a total value of £41,020 ($51,552.09). Also, insider Dan Nicholson acquired 3,040 shares of the firm’s stock in a transaction that occurred on Friday, September 27th. The shares were purchased at an average cost of GBX 360 ($4.52) per share, with a total value of £10,944 ($13,753.93). Insiders have acquired a total of 17,179 shares of company stock worth $5,241,246 in the last 90 days. 1.43% of the stock is owned by insiders.

Great Portland Estates Company Profile

(Get Free Report)

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.