Cape PLC (CIU) Raised to “Outperform” at Macquarie

Macquarie upgraded shares of Cape PLC (LON:CIU) to an outperform rating in a research report released on Thursday morning. They currently have GBX 240 ($2.96) target price on the stock, up from their prior target price of GBX 200 ($2.47).

Several other equities analysts have also commented on CIU. Numis Securities Ltd restated a buy rating and issued a GBX 270 ($3.33) price objective on shares of Cape PLC in a report on Friday, January 6th. Canaccord Genuity lowered shares of Cape PLC to a speculative buy rating and decreased their price objective for the stock from GBX 350 ($4.32) to GBX 220 ($2.72) in a report on Friday, December 2nd.

Shares of Cape PLC (LON:CIU) opened at 204.25 on Thursday. The stock’s market capitalization is GBX 247.18 million. The stock’s 50 day moving average is GBX 181.01 and its 200-day moving average is GBX 182.31. Cape PLC has a one year low of GBX 139.00 and a one year high of GBX 242.00.

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The business also recently disclosed a dividend, which will be paid on Friday, June 23rd. Stockholders of record on Thursday, May 18th will be issued a GBX 2.50 ($0.03) dividend. The ex-dividend date of this dividend is Thursday, May 18th. This represents a dividend yield of 1.33%.

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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