HSBC Lowers Capital & Regional plc (CAL) to Hold
Capital & Regional plc (LON:CAL) was downgraded by equities researchers at HSBC to a “hold” rating in a research note issued to investors on Friday. They presently have a GBX 69 ($0.90) price objective on the real estate investment trust’s stock, up from their prior price objective of GBX 61 ($0.80). HSBC’s target price indicates a potential upside of 13.11% from the company’s previous close.
CAL has been the topic of a number of other research reports. Numis Securities Ltd restated a “buy” rating and set a GBX 77 ($1.01) price objective on shares of Capital & Regional plc in a research note on Friday, September 9th. Peel Hunt restated a “hold” rating and set a GBX 58 ($0.76) price objective on shares of Capital & Regional plc in a research note on Thursday, August 18th. Two research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and an average price target of GBX 71 ($0.93).
Shares of Capital & Regional plc (LON:CAL) opened at 59.00 on Friday. The firm’s 50-day moving average price is GBX 61.06 and its 200-day moving average price is GBX 60.41. Capital & Regional plc has a 52-week low of GBX 43.58 and a 52-week high of GBX 71.50. The firm’s market capitalization is GBX 412.85 million.
The firm also recently announced a dividend, which will be paid on Thursday, October 27th. Stockholders of record on Thursday, September 29th will be given a dividend of GBX 1.62 ($0.02) per share. This represents a dividend yield of 2.72%. The ex-dividend date is Thursday, September 29th.
In other Capital & Regional plc news, insider Scott-Barrett,Hugh bought 75,000 shares of the company’s stock in a transaction dated Thursday, August 18th. The shares were acquired at an average cost of GBX 60 ($0.78) per share, with a total value of £45,000 ($58,739.07). Also, insider Louis Norval bought 73,200 shares of the company’s stock in a transaction dated Tuesday, September 27th. The shares were acquired at an average cost of GBX 63 ($0.82) per share, for a total transaction of £46,116 ($60,195.80).
About Capital & Regional plc
Capital & Regional plc is a United Kingdom-based specialist property real estate investment trust (REIT). The Company’s segments include The Mall, Other UK Shopping Centres, Snozone and Group/Central. The Mall and Other UK Shopping Centres segments include the rental of investment and trading properties.
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