Investec Reaffirms “Add” Rating for Cape PLC (CIU)
Cape PLC (LON:CIU)‘s stock had its “add” rating reaffirmed by stock analysts at Investec in a report issued on Wednesday. They currently have a GBX 325 ($5.38) target price on the stock. Investec’s price objective points to a potential upside of 6.38% from the stock’s previous close.
A number of other firms have also recently commented on CIU. 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. Separately, 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. Finally, analysts at Canaccord Genuity reiterated a “buy” rating on shares of Cape PLC in a research note on Friday, July 4th. They now have a GBX 360 ($5.96) 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. The company has a consensus rating of “Hold” and an average price target of GBX 316.60 ($5.24).
Shares of Cape PLC (LON:CIU) traded down 1.39% during mid-day trading on Wednesday, hitting GBX 301.25. The stock had a trading volume of 33,438 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 286.6 and its 200-day moving average is GBX 294.6. The company’s market cap is £364.8 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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