Capital & Counties Properties PLC (CAPC) Upgraded to “Outperform” by Credit Suisse Group AG
Capital & Counties Properties PLC (LON:CAPC) was upgraded by equities researchers at Credit Suisse Group AG to an “outperform” rating in a research report issued to clients and investors on Thursday. The firm currently has a GBX 290 ($3.59) target price on the stock, up from their previous target price of GBX 200 ($2.48). Credit Suisse Group AG’s price objective would indicate a potential upside of 8.49% from the company’s current price.
Other analysts have also issued reports about the company. Numis Securities Ltd restated a “buy” rating and issued a GBX 78 ($0.97) target price on shares of Capital & Counties Properties PLC in a research note on Wednesday, July 13th. Citigroup Inc. reiterated a “buy” rating and set a GBX 396 ($4.90) price objective on shares of Capital & Counties Properties PLC in a research note on Monday, July 18th. Barclays PLC lowered Capital & Counties Properties PLC to an “equal weight” rating and decreased their price objective for the company from GBX 400 ($4.95) to GBX 320 ($3.96) in a research note on Thursday, July 7th. Liberum Capital reiterated a “hold” rating and set a GBX 300 ($3.71) price objective on shares of Capital & Counties Properties PLC in a research note on Tuesday, July 26th. Finally, Canaccord Genuity decreased their price objective on Capital & Counties Properties PLC from GBX 280 ($3.47) to GBX 275 ($3.40) and set a “hold” rating on the stock in a research note on Friday, August 26th. Six research analysts have rated the stock with a sell rating, five have given a hold rating and five have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average target price of GBX 299.50 ($3.71).
Shares of Capital & Counties Properties PLC (LON:CAPC) opened at 267.30 on Thursday. The firm has a 50-day moving average of GBX 286.35 and a 200 day moving average of GBX 309.56. Capital & Counties Properties PLC has a 12 month low of GBX 257.20 and a 12 month high of GBX 451.80. The firm’s market cap is GBX 2.26 billion.
The firm also recently declared a dividend, which was paid on Friday, September 30th. Shareholders of record on Thursday, September 8th were given a dividend of GBX 0.50 ($0.01) per share. This represents a yield of 0.18%. The ex-dividend date was Thursday, September 8th.
In other Capital & Counties Properties PLC news, insider Das,Soumen sold 68,457 shares of the company’s stock in a transaction that occurred on Tuesday, September 6th. The stock was sold at an average price of GBX 296 ($3.66), for a total transaction of £202,632.72 ($250,783.07).
About Capital & Counties Properties PLC
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.
Receive News & Ratings for Capital & Counties Properties PLC Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Capital & Counties Properties PLC and related companies with MarketBeat.com's FREE daily email newsletter.