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Great Portland Estates (OTCMKTS:GPEAF) Shares Down 17.6% - What's Next?

Great Portland Estates logo with Finance background

Key Points

  • Great Portland Estates shares experienced a significant decline, trading down 17.6% during mid-day trading on Wednesday, with the stock trading at $4.31.
  • Despite the drop, trading volume increased by 408% compared to the average session volume.
  • BNP Paribas upgraded Great Portland Estates from a strong sell to a hold rating, indicating a potential shift in investor sentiment.
  • Five stocks to consider instead of Great Portland Estates.

Great Portland Estates PLC (OTCMKTS:GPEAF - Get Free Report)'s stock price dropped 17.6% on Wednesday . The company traded as low as $4.31 and last traded at $4.31. Approximately 154 shares traded hands during mid-day trading, an increase of 408% from the average daily volume of 30 shares. The stock had previously closed at $5.23.

Great Portland Estates Price Performance

The stock has a 50 day moving average price of $4.91 and a two-hundred day moving average price of $4.14.

About Great Portland Estates

(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.

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