Capital & Counties Properties PLC (CAPC) Receives Consensus Recommendation of “Hold” from Brokerages
Shares of Capital & Counties Properties PLC (LON:CAPC) have earned a consensus recommendation of “Hold” from the sixteen brokerages that are presently covering the firm. Six analysts have rated the stock with a sell rating, five have assigned a hold rating and five have issued a buy rating on the company. The average twelve-month target price among brokers that have covered the stock in the last year is GBX 299.50 ($3.71).
Several research analysts have issued reports on the company. Peel Hunt reiterated a “sell” rating and issued a GBX 225 ($2.78) price target on shares of Capital & Counties Properties PLC in a report on Tuesday, July 26th. Deutsche Bank AG reiterated a “hold” rating and issued a GBX 250 ($3.09) price target on shares of Capital & Counties Properties PLC in a report on Tuesday, October 4th. Credit Suisse Group AG upgraded Capital & Counties Properties PLC to an “outperform” rating and increased their price target for the stock from GBX 200 ($2.48) to GBX 290 ($3.59) in a report on Thursday. Numis Securities Ltd cut their price target on Capital & Counties Properties PLC from GBX 321 ($3.97) to GBX 273 ($3.38) and set a “hold” rating on the stock in a report on Monday, August 22nd. Finally, Liberum Capital restated a “hold” rating and issued a GBX 300 ($3.71) target price on shares of Capital & Counties Properties PLC in a report on Tuesday, July 26th.
Capital & Counties Properties PLC (LON:CAPC) traded up 1.18% during mid-day trading on Friday, reaching GBX 283.10. The company had a trading volume of 2,588,903 shares. The company’s market capitalization is GBX 2.39 billion. The stock has a 50-day moving average of GBX 285.82 and a 200 day moving average of GBX 309.05. Capital & Counties Properties PLC has a 12-month low of GBX 257.20 and a 12-month high of GBX 451.80.
The firm also recently disclosed a dividend, which was paid on Friday, September 30th. Investors of record on Thursday, September 8th were paid a dividend of GBX 0.50 ($0.01) per share. This represents a yield of 0.18%. The ex-dividend date was Thursday, September 8th.
In related news, insider Das,Soumen sold 68,457 shares of Capital & Counties Properties PLC stock in a transaction on Tuesday, September 6th. The stock was sold at an average price of GBX 296 ($3.66), for a total transaction of £202,632.72 ($250,783.07).
About Capital & Counties Properties PLC
Capital & Counties Properties PLC is a United Kingdom-based property company. The Company’s principal activity is the development and management of property. The Company’s segments include Covent Garden, Earls Court Properties, Venues and Other. It is organized into four divisions: Covent Garden; Earls Court Properties, which represents its interests in the Earls Court area, comprising properties held in Earls Court Partnership Limited (ECPL), Lillie Square, the Empress State Building and a range of smaller properties in the Earls Court area; Venues, which comprises the exhibitions business, including the Olympia London property assets and Maclise Road1, and Other, which comprises the discontinued activity of The Great Capital Partnership, the Company’s residual China investments, other head office companies and investments.
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