Cape PLC (LON:CIU) had its target price raised by Macquarie from GBX 235 ($3.16) to GBX 265 ($3.56) in a research note released on Wednesday. They currently have a neutral rating on the stock.

A number of other analysts also recently issued reports on CIU. Royal Bank Of Canada restated an outperform rating and set a GBX 290 ($3.90) price target on shares of Cape PLC in a report on Wednesday, July 5th. Numis Securities Ltd reiterated a buy rating and issued a GBX 300 ($4.03) target price on shares of Cape PLC in a report on Monday, June 5th.

Shares of Cape PLC (CIU) opened at 264.75 on Wednesday. The company has a 50 day moving average price of GBX 262.94 and a 200-day moving average price of GBX 235.97. The stock’s market cap is GBX 319.44 million. Cape PLC has a one year low of GBX 139.00 and a one year high of GBX 273.00.

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In related news, insider Michael Speakman sold 474,756 shares of Cape PLC stock in a transaction that occurred on Thursday, September 14th. The shares were sold at an average price of GBX 265 ($3.56), for a total value of £1,258,103.40 ($1,691,908.82).

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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