Great Portland Estates Plc (OTCMKTS:GPEAF – Get Rating) was the target of a significant increase in short interest in the month of May. As of May 15th, there was short interest totalling 210,400 shares, an increase of 95.7% from the April 30th total of 107,500 shares. Based on an average daily volume of 100 shares, the short-interest ratio is currently 2,104.0 days.
Analysts Set New Price Targets
Separately, The Goldman Sachs Group downgraded Great Portland Estates from a “buy” rating to a “neutral” rating in a research report on Thursday, May 11th. Three equities research analysts have rated the stock with a sell rating, one has given a hold rating and one has assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $560.00.
Great Portland Estates Stock Performance
Great Portland Estates stock remained flat at $5.61 during midday trading on Friday. The company had a trading volume of 16 shares, compared to its average volume of 7. Great Portland Estates has a 52-week low of $4.42 and a 52-week high of $9.64. The firm has a fifty day moving average price of $5.76 and a 200-day moving average price of $6.26.
Great Portland Estates Company Profile
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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