Great Portland Estates (LON:GPE) Reaches New 1-Year Low - Here's What Happened

Great Portland Estates Plc (LON:GPE - Get Free Report) hit a new 52-week low during mid-day trading on Wednesday . The stock traded as low as GBX 325 ($4.21) and last traded at GBX 326.50 ($4.23), with a volume of 5422 shares trading hands. The stock had previously closed at GBX 328.50 ($4.26).

Analysts Set New Price Targets

Several brokerages have weighed in on GPE. Shore Capital restated a "buy" rating on shares of Great Portland Estates in a report on Thursday, July 4th. Deutsche Bank Aktiengesellschaft reduced their target price on shares of Great Portland Estates from GBX 500 ($6.48) to GBX 440 ($5.71) and set a "buy" rating on the stock in a report on Wednesday, July 3rd. Two investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average target price of GBX 423.25 ($5.49).

Great Portland Estates Trading Down 0.8 %

The business has a fifty day moving average price of GBX 346.66 and a 200 day moving average price of GBX 358.09. The firm has a market cap of £1.32 billion, a PE ratio of -324.26, a P/E/G 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.

Insider Buying and Selling at Great Portland Estates

In related news, insider Dan Nicholson bought 45 shares of the stock in a transaction dated Friday, August 30th. The stock was acquired at an average price of GBX 3,395 ($44.03) per share, for a total transaction of £1,527.75 ($1,981.26). In other news, insider Dan Nicholson bought 45 shares of the business's stock in a transaction dated Friday, August 30th. The shares were acquired at an average price of GBX 3,395 ($44.03) per share, for a total transaction of £1,527.75 ($1,981.26). Also, insider Nick Sanderson sold 7,288 shares of the firm's stock in a transaction that occurred on Monday, September 9th. The stock was sold at an average price of GBX 348 ($4.51), for a total value of £25,362.24 ($32,890.99). Insiders have purchased 3,127 shares of company stock worth $1,262,169 over the last three months. Insiders own 1.43% of the company's stock.

About Great Portland Estates

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.