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Great Portland Estates (OTCMKTS:GPEAF) Shares Gap Down - Here's What Happened

Great Portland Estates logo with Finance background

Key Points

  • Great Portland Estates PLC shares gapped down from $4.31 to $4.05 at the opening of trading, with a volume of 109 shares traded.
  • BNP Paribas upgraded the stock from a "hold" rating to an "outperform" rating, contributing to a consensus rating of "Strong Buy" from analysts.
  • The company's 50-day moving average is $4.68, while the 200-day moving average stands at $4.25, indicating recent trading challenges.
  • MarketBeat previews top five stocks to own in October.

Great Portland Estates PLC (OTCMKTS:GPEAF - Get Free Report) gapped down prior to trading on Thursday . The stock had previously closed at $4.31, but opened at $4.05. Great Portland Estates shares last traded at $4.05, with a volume of 109 shares changing hands.

Wall Street Analysts Forecast Growth

Separately, BNP Paribas upgraded Great Portland Estates from a "hold" rating to an "outperform" rating in a research report on Wednesday. One investment analyst has rated the stock with a Strong Buy rating and one has assigned a Buy rating to the company's stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Strong Buy".

Get Our Latest Report on Great Portland Estates

Great Portland Estates Trading Down 6.0%

The company has a 50 day moving average of $4.68 and a 200 day moving average of $4.25.

Great Portland Estates Company Profile

(Get Free Report)

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.

Further Reading

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