Great Portland Estates (OTCMKTS:GPEAF) Stock Price Up 14.8% - Here's What Happened

Key Points

• Great Portland Estates' stock price surged by 14.8% on Monday, closing at $4.59 after trading high with a significant increase in session volume.
• BNP Paribas upgraded Great Portland Estates from a "hold" to an "outperform" rating, with analysts now providing an average rating of "Strong Buy."
• The company owns approximately £2.5 billion of real estate in central London and is focused on adapting its portfolio in line with the property market cycle to achieve long-term growth.

Great Portland Estates PLC (OTCMKTS:GPEAF - Get Free Report)'s share price shot up 14.8% on Monday . The stock traded as high as $4.59 and last traded at $4.59. 2,570 shares traded hands during mid-day trading, an increase of 223,378% from the average session volume of 1 shares. The stock had previously closed at $4.00.

Wall Street Analysts Forecast Growth

Separately, BNP Paribas raised Great Portland Estates from a "hold" rating to an "outperform" rating in a research note on Wednesday, September 10th. One research analyst has rated the stock with a Strong Buy rating and one has issued a Buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of "Strong Buy".

Great Portland Estates Stock Performance

The stock has a 50 day moving average of $4.16 and a 200-day moving average of $4.38.

Great Portland Estates Company Profile

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.

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