Great Portland Estates (OTCMKTS:GPEAF) Shares Gap Up – Here’s What Happened

Great Portland Estates PLC (OTCMKTS:GPEAF) shares gapped up prior to trading on Thursday . The stock had previously closed at $4.2250, but opened at $4.84. Great Portland Estates shares last traded at $4.84, with a volume of 710 shares traded.

Analysts Set New Price Targets

Separately, The Goldman Sachs Group lowered shares of Great Portland Estates from a “buy” rating to a “hold” rating in a research report on Thursday, December 4th. One investment analyst has rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy”.

Great Portland Estates Stock Up 4.5%

The firm’s 50-day simple moving average is $4.31 and its 200-day simple moving average is $4.40.

About Great Portland Estates

Great Portland Estates plc is a London-based real estate investment trust (REIT) specialising in the acquisition, development and management of commercial property in central London. The company focuses on office space, retail premises and mixed-use residential schemes, targeting prime locations across the West End, the City and Midtown. Its core activities include asset repositioning through refurbishment and redevelopment, proactive leasing and tenant relationship management, and selective disposals to optimise portfolio value.

The firm’s investment strategy centres on identifying underutilised or outdated properties and unlocking value through strategic redevelopment.