Cape PLC Stock Rating Reaffirmed by Numis Securities Ltd (CIU)
Cape PLC (LON:CIU)‘s stock had its “hold” rating reaffirmed by research analysts at Numis Securities Ltd in a report released on Friday, Stock Ratings Network.com reports. They currently have a GBX 300 ($4.69) price target on the stock. Numis Securities Ltd’s target price points to a potential upside of 13.21% from the company’s current price.
A number of other firms have also recently commented on CIU. Analysts at UBS AG cut their price target on shares of Cape PLC (LON:CIU) from GBX 260 ($4.07) to GBX 240 ($3.75) in a research note to investors on Monday, September 2nd. They now have a “neutral” rating on the stock. Separately, analysts at Canaccord Genuity reiterated a “buy” rating on shares of Cape PLC (LON:CIU) in a research note to investors on Friday, August 30th. They now have a GBX 303 ($4.74) price target on the stock. Finally, analysts at WH Ireland reiterated a “neutral” rating on shares of Cape PLC (LON:CIU) in a research note to investors on Thursday, August 29th. They now have a GBX 300 ($4.69) price target on the stock.
One equities research analyst has rated the stock with a sell rating, three have given a hold rating and three have issued a buy rating to the company. Cape PLC currently has an average rating of “Hold” and an average price target of GBX 295.20 ($4.62).
Cape PLC (LON:CIU) opened at 267.177 on Friday. The stock’s 50-day moving average is GBX 264.5 and its 200-day moving average is GBX 271.7.
Cape plc provides a range of non-mechanical industrial services, principally to plant operators in the oil and gas, power generation, chemical, minerals and mining sectors and engineering and construction (LON:CIU) contractors.
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