Great Portland Estates (LON:GPE) Trading Up 2% – Time to Buy?

Great Portland Estates Plc (LON:GPE) shares rose 2% during trading on Wednesday . The company traded as high as GBX 302.50 ($3.89) and last traded at GBX 302.50 ($3.89). Approximately 22,313,670 shares traded hands during mid-day trading, an increase of 569% from the average daily volume of 3,336,761 shares. The stock had previously closed at GBX 296.50 ($3.82).

Wall Street Analysts Forecast Growth

Separately, Berenberg Bank reaffirmed a “hold” rating and issued a GBX 382 ($4.92) price target on shares of Great Portland Estates in a research note on Thursday, December 19th. Two research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of GBX 405.50 ($5.22).

Great Portland Estates Stock Up 2.0 %

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 capitalization of £1.21 billion, a PE ratio of 3.01, a price-to-earnings-growth ratio of 2.22 and a beta of 0.80. The company’s fifty day moving average price is GBX 282.47 and its 200-day moving average price is GBX 304.30.

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.