Great Portland Estates (LON:GPE) Trading Down 1.2% – Here’s Why

Shares of Great Portland Estates Plc (LON:GPE) dropped 1.2% on Monday . The stock traded as low as GBX 280.50 ($3.54) and last traded at GBX 281 ($3.55). Approximately 561,763 shares traded hands during mid-day trading, a decline of 49% from the average daily volume of 1,102,662 shares. The stock had previously closed at GBX 284.50 ($3.59).

Analysts Set New Price Targets

Separately, Berenberg Bank reaffirmed a “hold” rating and issued a GBX 382 ($4.82) price objective 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 assigned a buy rating to the company. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of GBX 405.50 ($5.12).

Great Portland Estates Price Performance

The firm has a 50-day simple moving average of GBX 282.78 and a 200-day simple moving average of GBX 313.94. The firm has a market cap of £1.13 billion, a P/E ratio of 2.80, 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.