Cape PLC (CIU) Receives GBX 257.40 Average Price Target from Analysts
Cape PLC (LON:CIU) has been given a consensus recommendation of “Buy” by the six brokerages that are covering the stock. Three research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The average 1-year price target among analysts that have updated their coverage on the stock in the last year is GBX 257.40 ($3.19).
CIU has been the topic of a number of recent research reports. Macquarie reaffirmed an “underperform” rating and set a GBX 170 ($2.10) price target on shares of Cape PLC in a research note on Thursday, July 21st. Numis Securities Ltd reaffirmed a “buy” rating and set a GBX 270 ($3.34) price target on shares of Cape PLC in a research note on Tuesday, August 23rd. Canaccord Genuity reaffirmed a “buy” rating and set a GBX 350 ($4.33) price target on shares of Cape PLC in a research note on Tuesday, August 23rd. Finally, JPMorgan Chase & Co. reaffirmed a “neutral” rating on shares of Cape PLC in a research note on Wednesday, August 24th.
Shares of Cape PLC (LON:CIU) opened at 213.25 on Tuesday. Cape PLC has a 52 week low of GBX 176.25 and a 52 week high of GBX 262.50. The stock’s 50 day moving average is GBX 208.06 and its 200-day moving average is GBX 207.62. The company’s market cap is GBX 258.07 million.
The company also recently announced a dividend, which was paid on Friday, October 7th. Stockholders of record on Thursday, September 8th were paid a GBX 4.50 ($0.06) dividend. This represents a dividend yield of 2.41%. The ex-dividend date of this dividend was Thursday, September 8th.
Cape PLC Company Profile
Cape plc (Cape) is a holding company. The Company is engaged in the provision of critical industrial services principally to the energy and natural resources sectors. Cape provides a multi-disciplinary service offering, including the traditional services of access, insulation, coatings and mechanical, and a range of specialist services, including refractory linings, oil and gas storage tanks, heat exchanger replacement and refurbishment, and environmental services.
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