Capital City Bank Group Upgraded to “Buy” by TheStreet (CCBG)
Capital City Bank Group (NASDAQ:CCBG) was upgraded by investment analysts at TheStreet from a “hold” rating to a “buy” rating in a note issued to investors on Wednesday, StockRatingsNetwork reports.
The analysts wrote, “Capital City Bank Group (CCBG) has been upgraded by TheStreet Ratings from hold to buy. The company’s strengths can be seen in multiple areas, such as its compelling growth in net income, expanding profit margins, impressive record of earnings per share growth, notable return on equity and increase in stock price during the past year. We feel these strengths outweigh the fact that the company shows weak operating cash flow.”
Other equities research analysts have also recently issued reports about the stock. Analysts at Thomson Reuters/Verus upgraded shares of Capital City Bank Group (NASDAQ:CCBG) from a “sell” rating to a “hold” rating in a research note to investors on Monday, September 2nd. Analysts at Zacks downgraded shares of Capital City Bank Group (NASDAQ:CCBG) from an “outperform” rating to a “neutral” rating in a research note to investors on Friday, July 26th. They now have a $14.30 price target on the stock.
Capital City Bank Group (NASDAQ:CCBG) traded up 0.08% during mid-day trading on Wednesday, hitting $11.94. 47,225 shares of the company’s stock traded hands. Capital City Bank Group has a one year low of $9.04 and a one year high of $13.08. The stock’s 50-day moving average is $11.90 and its 200-day moving average is $11.94. The company has a market cap of $207.0 million and a price-to-earnings ratio of 44.02.
Capital City Bank Group, Inc (NASDAQ:CCBG) is a bank holding company.
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