Cape PLC Price Target Lowered to GBX 290 at Investec (CIU)
Analysts at Investec lowered their price objective on shares of Cape PLC (LON:CIU) from GBX 360 ($5.91) to GBX 290 ($4.76) in a research report issued to clients and investors on Wednesday, StockRatingsNetwork.com reports. The firm currently has a “buy” rating on the stock. Investec’s price target suggests a potential upside of 4.98% from the stock’s previous close.
Shares of Cape PLC (LON:CIU) opened at 282.361 on Wednesday. Cape PLC has a 1-year low of GBX 213.00 and a 1-year high of GBX 330.00. The stock has a 50-day moving average of GBX 271.6 and a 200-day moving average of GBX 265.2.
Several other analysts have also recently commented on the stock. Analysts at Canaccord Genuity reiterated a “buy” rating on shares of Cape PLC in a research note to investors on Friday, January 10th. They now have a GBX 300 ($4.92) price target on the stock. Separately, 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. 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 company has an average rating of “Hold” and a consensus price target of GBX 277.62 ($4.56).
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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