Great Portland Estates (OTCMKTS:GPEAF) Reaches New 12-Month Low After Analyst Downgrade

Great Portland Estates Plc (OTCMKTS:GPEAFGet Rating) shares hit a new 52-week low during mid-day trading on Monday after JPMorgan Chase & Co. lowered their price target on the stock from GBX 900 to GBX 620. The company traded as low as $6.00 and last traded at $6.00, with a volume of 0 shares changing hands. The stock had previously closed at $6.00.

A number of other analysts also recently weighed in on the company. Barclays dropped their target price on Great Portland Estates from GBX 700 ($8.46) to GBX 670 ($8.10) in a research report on Tuesday, July 5th. Morgan Stanley upgraded Great Portland Estates from an “equal weight” rating to an “overweight” rating in a research report on Thursday, September 1st. Berenberg Bank downgraded Great Portland Estates from a “hold” rating to a “sell” rating in a research report on Wednesday, August 31st. Finally, The Goldman Sachs Group downgraded Great Portland Estates from a “buy” rating to a “neutral” rating in a research report on Monday, July 11th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $645.00.

Great Portland Estates Price Performance

The stock has a 50 day simple moving average of $6.67 and a 200 day simple moving average of $7.87.

About Great Portland Estates

(Get Rating)

We are a FTSE 250 property investment and development company owning £2.6 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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