Great Portland Estates (LON:GPE) Trading Up 2% - Here's Why

Shares of Great Portland Estates Plc (LON:GPE - Get Free Report) shot up 2% on Wednesday . The stock traded as high as GBX 302.50 ($3.91) and last traded at GBX 302.50 ($3.91). 22,313,670 shares were traded during mid-day trading, an increase of 569% from the average session volume of 3,336,761 shares. The stock had previously closed at GBX 296.50 ($3.83).

Analysts Set New Price Targets

Separately, Berenberg Bank reiterated a "hold" rating and set a GBX 382 ($4.94) price target 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 assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of GBX 405.50 ($5.24).

Great Portland Estates Price Performance

The company's 50-day simple moving average is GBX 283.20 and its 200 day simple moving average is GBX 303.59. The stock has a market capitalization of £1.21 billion, a price-to-earnings ratio of 3.00, a P/E/G 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.

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.