Capital & Counties Properties PLC (LON:CAPC)‘s stock had its “underperform” rating reissued by stock analysts at Credit Suisse Group AG in a research note issued to investors on Friday. They currently have a GBX 200 ($2.48) price objective on the stock. Credit Suisse Group AG’s price objective would indicate a potential downside of 25.54% from the company’s previous close.
Other analysts have also recently issued reports about the stock. Numis Securities Ltd reissued a “buy” rating and set a GBX 78 ($0.97) target price on shares of Capital & Counties Properties PLC in a report on Wednesday, July 13th. Deutsche Bank AG reaffirmed a “sell” rating and issued a GBX 260 ($3.22) price objective on shares of Capital & Counties Properties PLC in a report on Tuesday, July 19th. Peel Hunt reaffirmed a “sell” rating and issued a GBX 225 ($2.78) price objective on shares of Capital & Counties Properties PLC in a report on Tuesday, July 26th. BNP Paribas reaffirmed an “underperform” rating and issued a GBX 252 ($3.12) price objective on shares of Capital & Counties Properties PLC in a report on Monday, August 1st. Finally, Citigroup Inc. reaffirmed a “buy” rating and issued a GBX 396 ($4.90) price objective on shares of Capital & Counties Properties PLC in a report on Monday, July 18th. Seven analysts have rated the stock with a sell rating, five have given a hold rating and four have given a buy rating to the stock. The stock has an average rating of “Hold” and an average price target of GBX 293.88 ($3.64).
Capital & Counties Properties PLC (LON:CAPC) opened at 267.90 on Friday. The firm’s market cap is GBX 2.26 billion. The firm’s 50-day moving average is GBX 287.49 and its 200-day moving average is GBX 310.09. Capital & Counties Properties PLC has a 12 month low of GBX 257.20 and a 12 month high of GBX 451.80.
The business also recently announced a dividend, which was paid on Friday, September 30th. Investors of record on Thursday, September 8th were given a GBX 0.50 ($0.01) dividend. The ex-dividend date was Thursday, September 8th. This represents a yield of 0.18%.
In related news, insider Das,Soumen sold 68,457 shares of the stock in a transaction dated Tuesday, September 6th. The shares were sold at an average price of GBX 296 ($3.66), for a total value 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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