Great Portland Estates (LON:GPE) Shares Up 2% – What’s Next?

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

Analyst Ratings Changes

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

Great Portland Estates Stock Up 2.0 %

The company has a market cap of £1.21 billion, a PE ratio of 3.01, a PEG ratio of 2.22 and a beta of 0.80. 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 company’s fifty day moving average is GBX 282.47 and its 200-day moving average 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.