HSBC Lowers Capital & Regional plc (CAL) to Hold

Capital & Regional plc (LON:CAL) was downgraded by equities researchers at HSBC to a “hold” rating in a report released on Friday. They presently have a GBX 69 ($0.90) price target on the real estate investment trust’s stock, up from their prior price target of GBX 61 ($0.80). HSBC’s price objective suggests a potential upside of 13.11% from the company’s current price.

A number of other equities analysts also recently weighed in on CAL. Numis Securities Ltd reaffirmed a “buy” rating and issued a GBX 77 ($1.01) price target on shares of Capital & Regional plc in a research note on Friday, September 9th. Peel Hunt reiterated a “hold” rating and issued a GBX 58 ($0.76) price objective on shares of Capital & Regional plc in a report on Thursday, August 18th. Two equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. Capital & Regional plc presently has an average rating of “Buy” and an average price target of GBX 71 ($0.93).

Shares of Capital & Regional plc (LON:CAL) opened at 59.00 on Friday. Capital & Regional plc has a one year low of GBX 43.58 and a one year high of GBX 71.50. The company’s market capitalization is GBX 412.85 million. The company has a 50-day moving average price of GBX 61.06 and a 200 day moving average price of GBX 60.41.

The firm also recently disclosed a dividend, which will be paid on Thursday, October 27th. Investors of record on Thursday, September 29th will be issued a GBX 1.62 ($0.02) dividend. This represents a yield of 2.72%. The ex-dividend date of this dividend is Thursday, September 29th.

In other Capital & Regional plc news, insider Louis Norval acquired 73,200 shares of the firm’s stock in a transaction that occurred on Tuesday, September 27th. The stock was purchased at an average cost of GBX 63 ($0.82) per share, for a total transaction of £46,116 ($60,195.80). Also, insider Scott-Barrett,Hugh acquired 75,000 shares of the firm’s stock in a transaction that occurred on Thursday, August 18th. The stock was acquired at an average price of GBX 60 ($0.78) per share, with a total value of £45,000 ($58,739.07).

About Capital & Regional plc

Capital & Regional plc is a United Kingdom-based specialist property real estate investment trust (REIT). The Company’s segments include The Mall, Other UK Shopping Centres, Snozone and Group/Central. The Mall and Other UK Shopping Centres segments include the rental of investment and trading properties.

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