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Great Portland Estates (OTCMKTS:GPEAF) Trading Down 17.6% - Here's What Happened

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.
  • Looking to export and analyze Great Portland Estates data? Unlock 5 Weeks of MarketBeat All Access for Just $5. Claim Your Limited-Time Discount.

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

Analysts Set New Price Targets

Separately, BNP Paribas upgraded shares of Great Portland Estates from a "strong sell" rating to a "hold" rating in a research note on Wednesday, April 16th.

Get Our Latest Research Report on Great Portland Estates

Great Portland Estates Price Performance

The stock's 50 day simple moving average is $4.93 and its two-hundred day simple moving average is $4.12.

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

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.

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