Cape PLC (CIU) Earns Buy Rating from Canaccord Genuity
A number of other equities analysts have also weighed in on CIU. Macquarie restated an underperform rating and set a GBX 170 ($2.22) price target on shares of Cape PLC in a research report on Thursday, July 21st. Numis Securities Ltd reiterated a buy rating and issued a GBX 270 ($3.52) target price on shares of Cape PLC in a report on Tuesday, August 23rd. Finally, JPMorgan Chase & Co. reiterated a neutral rating on shares of Cape PLC in a report on Wednesday, August 24th. Three equities research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. The stock currently has a consensus rating of Buy and a consensus target price of GBX 254.50 ($3.32).
Cape PLC (LON:CIU) opened at 209.875 on Tuesday. The stock’s 50 day moving average is GBX 196.50 and its 200-day moving average is GBX 209.64. Cape PLC has a 1-year low of GBX 176.25 and a 1-year high of GBX 262.50. The company’s market capitalization is GBX 253.99 million.
The business also recently declared a dividend, which will be paid on Friday, October 7th. Stockholders of record on Thursday, September 8th will be paid a GBX 4.50 ($0.06) dividend. This represents a dividend yield of 2.41%. The ex-dividend date of this dividend is Thursday, September 8th.
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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