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

Key Points

• Great Portland Estates PLC's stock price gapped down to $4.31 from a previous close of $4.94, indicating a significant drop before the market opened.
• BNP Paribas upgraded the stock's rating from "strong sell" to "hold", which may influence investor confidence moving forward.
• The company owns approximately £2.5 billion of real estate in central London and focuses on actively managing its portfolio to adapt to the property cycle.

Great Portland Estates PLC (OTCMKTS:GPEAF - Get Free Report)'s share price gapped down before the market opened on Wednesday . The stock had previously closed at $4.94, but opened at $4.31. Great Portland Estates shares last traded at $4.31, with a volume of 154 shares changing hands.

Great Portland Estates Price Performance

The business has a fifty day simple moving average of $4.91 and a two-hundred day simple moving average of $4.14.

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.