Cape PLC Plans Dividend of GBX 4.50 (CIU)
Cape PLC (LON:CIU) announced a dividend on Wednesday, August 27th, American Banking News reports. Shareholders of record on Wednesday, September 10th will be paid a dividend of GBX 4.50 ($0.07) per share on Friday, October 10th. This represents a dividend yield of 1.49%. The ex-dividend date is Wednesday, September 10th. The official announcement can be accessed at this link.
A number of research firms have 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 ($5.38) price target on the stock. On the ratings front, analysts at Numis Securities Ltd reiterated a “hold” rating on shares of Cape PLC in a research note on Wednesday. They now have a GBX 310 ($5.13) price target on the stock. Finally, analysts at WH Ireland reiterated a “neutral” rating on shares of Cape PLC in a research note on Wednesday. They now have a GBX 300 ($4.96) price target on the stock. Four equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus price target of GBX 316.60 ($5.24).
Shares of Cape PLC (LON:CIU) traded down 1.47% on Wednesday, hitting GBX 301.00. The stock had a trading volume of 495,163 shares. Cape PLC has a 1-year low of GBX 225.50 and a 1-year high of GBX 335.00. The stock’s 50-day moving average is GBX 286.9 and its 200-day moving average is GBX 294.8. The company’s market cap is £364.5 million.
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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