Cape PLC Given “Buy” Rating at Canaccord Genuity (CIU)
Cape PLC (LON:CIU)‘s stock had its “buy” rating reiterated by analysts at Canaccord Genuity in a research report issued to clients and investors on Thursday. They currently have a GBX 360 ($5.96) target price on the stock. Canaccord Genuity’s price objective would suggest a potential upside of 19.60% from the company’s current price.
CIU has been the subject of a number of other recent research reports. Analysts at Numis Securities Ltd upgraded shares of Cape PLC to a “buy” rating in a research note on Thursday. They now have a GBX 370 ($6.12) price target on the stock. Separately, 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. Three research analysts have rated the stock with a hold rating and two have given a buy rating to the company. The stock currently has an average rating of “Hold” and an average price target of GBX 328.60 ($5.44).
Shares of Cape PLC (LON:CIU) opened at 300.00 on Thursday. Cape PLC has a 52 week low of GBX 225.50 and a 52 week high of GBX 335.00. The stock has a 50-day moving average of GBX 286.9 and a 200-day moving average of GBX 294.8. The company’s market cap is £363.3 million.
The company also recently declared a dividend, which is scheduled for Friday, October 10th. Shareholders of record on Wednesday, September 10th will be given a dividend of GBX 4.50 ($0.07) per share. This represents a yield of 1.49%. The ex-dividend date of this dividend is Wednesday, September 10th.
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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