Great Portland Estates (OTCMKTS:GPEAF) Shares Gap Up – What’s Next?

Great Portland Estates PLC (OTCMKTS:GPEAF)’s share price gapped up prior to trading on Wednesday . The stock had previously closed at $4.2850, but opened at $4.4620. Great Portland Estates shares last traded at $4.4620, with a volume of 202 shares changing hands.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on the company. The Goldman Sachs Group downgraded Great Portland Estates from a “buy” rating to a “hold” rating in a report on Thursday, December 4th. BNP Paribas raised shares of Great Portland Estates from a “hold” rating to an “outperform” rating in a research report on Wednesday, September 10th. One investment analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy”.

Great Portland Estates Stock Up 13.8%

The firm has a fifty day moving average of $4.42 and a 200 day moving average of $4.49.

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The firm’s investment strategy centres on identifying underutilised or outdated properties and unlocking value through strategic redevelopment.