Brokerages Set Cape PLC (CIU) Price Target at $257.40
Cape PLC (LON:CIU) has earned an average recommendation of “Buy” from the six research firms that are presently covering the stock. Three investment analysts have rated the stock with a hold recommendation and three have given a buy recommendation to the company. The average 1-year target price among analysts that have updated their coverage on the stock in the last year is GBX 257.40 ($3.22).
CIU has been the subject of a number of recent research reports. Canaccord Genuity reiterated a “buy” rating and set a GBX 350 ($4.37) price objective on shares of Cape PLC in a research note on Tuesday, September 20th. Numis Securities Ltd reiterated a “buy” rating and set a GBX 270 ($3.37) price objective on shares of Cape PLC in a research note on Tuesday, August 23rd. JPMorgan Chase & Co. reiterated a “neutral” rating on shares of Cape PLC in a research note on Wednesday, August 24th. Finally, Macquarie reiterated an “underperform” rating and set a GBX 170 ($2.12) price objective on shares of Cape PLC in a research note on Thursday, July 21st.
Shares of Cape PLC (LON:CIU) opened at 187.75 on Tuesday. The stock’s market cap is GBX 227.21 million. Cape PLC has a one year low of GBX 176.25 and a one year high of GBX 262.50. The company’s 50-day moving average price is GBX 205.72 and its 200-day moving average price is GBX 202.38.
About Cape PLC
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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