Great Portland Estates (OTCMKTS:GPEAF) Shares Gap Up – Time to Buy?

Great Portland Estates PLC (OTCMKTS:GPEAF)’s stock price gapped up prior to trading on Thursday . The stock had previously closed at $4.2250, but opened at $4.63. Great Portland Estates shares last traded at $4.63, with a volume of 310 shares trading hands.

Analyst Ratings Changes

Separately, The Goldman Sachs Group downgraded Great Portland Estates from a “buy” rating to a “hold” rating in a research report on Thursday, December 4th. One research analyst has rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy”.

Great Portland Estates Stock Performance

The company’s 50 day simple moving average is $4.32 and its 200 day simple moving average is $4.41.

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The firm’s investment strategy centres on identifying underutilised or outdated properties and unlocking value through strategic redevelopment.