Numis Securities Ltd Upgrades Cape PLC to “Buy” (CIU)
Cape PLC (LON:CIU) was upgraded by equities researchers at Numis Securities Ltd to a “buy” rating in a research report issued on Thursday. The firm currently has a GBX 370 ($6.12) price target on the stock. Numis Securities Ltd’s target price would suggest a potential upside of 22.92% from the company’s current price.
A number of other analysts have also recently weighed in 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. 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. Three investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average target price of GBX 328.60 ($5.44).
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 announced a dividend, which is scheduled for Friday, October 10th. Stockholders of record on Wednesday, September 10th will be paid a dividend of GBX 4.50 ($0.07) per share. This represents a dividend yield of 1.49%. The ex-dividend date 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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