Canaccord Genuity Reiterates “Buy” Rating for Cape PLC (CIU)
Cape PLC (LON:CIU)‘s stock had its “buy” rating reaffirmed by equities research analysts at Canaccord Genuity in a research note issued to investors on Friday, Analyst Ratings Net reports. They currently have a GBX 300 ($4.92) target price on the stock. Canaccord Genuity’s target price suggests a potential upside of 14.83% from the company’s current price.
Shares of Cape PLC (LON:CIU) traded down 0.48% during mid-day trading on Friday, hitting GBX 260.00. 9,123 shares of the company’s stock traded hands. Cape PLC has a one year low of GBX 213.00 and a one year high of GBX 330.00. The stock’s 50-day moving average is GBX 271.6 and its 200-day moving average is GBX 263.8.
A number of other analysts have also recently weighed in on CIU. Analysts at Numis Securities Ltd upgraded shares of Cape PLC to a “buy” rating in a research note to investors on Wednesday, November 27th. They now have a GBX 300 ($4.92) price target on the stock. Separately, analysts at JPMorgan Chase & Co. cut their price target on shares of Cape PLC from GBX 299 ($4.90) to GBX 288 ($4.72) in a research note to investors on Monday, November 18th. They now have a “neutral” rating on the stock. Finally, analysts at UBS AG reiterated a “neutral” rating on shares of Cape PLC in a research note to investors on Monday, November 18th. They now have a GBX 240 ($3.94) price target on the stock. One research analyst has rated the stock with a sell rating, three have issued a hold rating and three have issued a buy rating to the company. The stock has an average rating of “Hold” and an average price target of GBX 289.77 ($4.75).
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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