Great Portland Estates (OTCMKTS:GPEAF) Shares Gap Down – Here’s Why

Great Portland Estates PLC (OTCMKTS:GPEAF) shares gapped down before the market opened on Thursday . The stock had previously closed at $4.2850, but opened at $3.92. Great Portland Estates shares last traded at $3.92, with a volume of 317 shares.

Analysts Set New Price Targets

A number of analysts have issued reports on the stock. The Goldman Sachs Group lowered shares of Great Portland Estates from a “buy” rating to a “hold” rating in a research note on Thursday, December 4th. BNP Paribas raised shares of Great Portland Estates from a “hold” rating to an “outperform” rating in a research note on Wednesday, September 10th. One analyst has rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. According to data from MarketBeat, Great Portland Estates has an average rating of “Moderate Buy”.

Great Portland Estates Price Performance

The company’s fifty day moving average is $4.46 and its two-hundred day moving average is $4.53.

About Great Portland Estates

Great Portland Estates plc is a London-based real estate investment trust (REIT) specialising in the acquisition, development and management of commercial property in central London. The company focuses on office space, retail premises and mixed-use residential schemes, targeting prime locations across the West End, the City and Midtown. Its core activities include asset repositioning through refurbishment and redevelopment, proactive leasing and tenant relationship management, and selective disposals to optimise portfolio value.

The firm’s investment strategy centres on identifying underutilised or outdated properties and unlocking value through strategic redevelopment.