Cape PLC Given “Hold” Rating at Numis Securities Ltd (CIU)
Cape PLC (LON:CIU)‘s stock had its “hold” rating reiterated by investment analysts at Numis Securities Ltd in a note issued to investors on Wednesday, American Banking News.com reports. They currently have a GBX 310 ($5.22) price objective on the stock. Numis Securities Ltd’s price objective indicates a potential upside of 6.35% from the stock’s previous close.
A number of other firms have also recently commented on CIU. Analysts at Investec reiterated an “add” rating on shares of Cape PLC in a research note on Wednesday. They now have a GBX 325 ($5.47) price target on the stock. Separately, analysts at Canaccord Genuity reiterated a “buy” rating on shares of Cape PLC in a research note on Thursday, April 10th. They now have a GBX 360 ($6.06) price target on the stock. Five analysts have rated the stock with a hold rating and one has given a buy rating to the company. Cape PLC has a consensus rating of “Hold” and an average target price of GBX 303.83 ($5.12).
Shares of Cape PLC (LON:CIU) opened at 295.13 on Wednesday. Cape PLC has a one year low of GBX 222.36 and a one year high of GBX 335.00. The stock has a 50-day moving average of GBX 305.8 and a 200-day moving average of GBX 284.6.
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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