Capital & Counties Properties PLC (CAPC) Upgraded to “Outperform” at Credit Suisse Group AG
Credit Suisse Group AG upgraded shares of Capital & Counties Properties PLC (LON:CAPC) to an outperform rating in a report issued on Thursday morning. The brokerage currently has GBX 290 ($3.59) target price on the stock, up from their prior target price of GBX 200 ($2.48).
Several other brokerages also recently weighed in on CAPC. BNP Paribas reiterated an underperform rating and issued a GBX 252 ($3.12) price target on shares of Capital & Counties Properties PLC in a report on Sunday, July 10th. HSBC raised their price objective on Capital & Counties Properties PLC from GBX 278 ($3.44) to GBX 287 ($3.55) and gave the stock a hold rating in a report on Friday, September 30th. Jefferies Group restated an underperform rating and set a GBX 250 ($3.09) price objective on shares of Capital & Counties Properties PLC in a report on Wednesday, July 27th. Morgan Stanley reduced their price objective on Capital & Counties Properties PLC from GBX 280 ($3.47) to GBX 270 ($3.34) and set an underweight rating on the stock in a report on Wednesday, August 31st. Finally, Barclays PLC downgraded Capital & Counties Properties PLC to an equal weight rating and reduced their price objective for the stock from GBX 400 ($4.95) to GBX 320 ($3.96) in a report on Thursday, July 7th. Six equities research analysts have rated the stock with a sell rating, five have assigned a hold rating and five have issued a buy rating to the stock. The company currently has a consensus rating of Hold and an average target price of GBX 299.50 ($3.71).
Shares of Capital & Counties Properties PLC (LON:CAPC) traded up 1.54% on Thursday, hitting GBX 284.10. The stock had a trading volume of 1,335,557 shares. The company’s market cap is GBX 2.40 billion. Capital & Counties Properties PLC has a 12 month low of GBX 257.20 and a 12 month high of GBX 451.80. The company’s 50 day moving average price is GBX 286.11 and its 200-day moving average price is GBX 309.23.
The business also recently announced a dividend, which was paid on Friday, September 30th. Stockholders of record on Thursday, September 8th were issued a dividend of GBX 0.50 ($0.01) per share. This represents a dividend yield of 0.18%. The ex-dividend date of this dividend was Thursday, September 8th.
In other news, insider Das,Soumen sold 68,457 shares of the business’s stock in a transaction that occurred 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).
Capital & Counties Properties PLC Company Profile
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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