Credit Suisse Group AG Reaffirms Underperform Rating for Capital & Counties Properties PLC (CAPC)
Capital & Counties Properties PLC (LON:CAPC)‘s stock had its “underperform” rating reiterated by investment analysts at Credit Suisse Group AG in a report released on Friday. They presently have a GBX 200 ($2.61) price target on the stock. Credit Suisse Group AG’s target price would indicate a potential downside of 25.73% from the company’s previous close.
Other research analysts have also recently issued reports about the stock. Numis Securities Ltd reissued a “buy” rating and set a GBX 78 ($1.02) price objective on shares of Capital & Counties Properties PLC in a research note on Wednesday, July 13th. Citigroup Inc. reissued a “buy” rating and set a GBX 396 ($5.17) price objective on shares of Capital & Counties Properties PLC in a research note on Monday, July 18th. Barclays PLC cut shares of Capital & Counties Properties PLC to an “equal weight” rating and dropped their price objective for the stock from GBX 400 ($5.22) to GBX 320 ($4.18) in a research note on Thursday, July 7th. Liberum Capital reissued a “hold” rating and set a GBX 300 ($3.92) price objective on shares of Capital & Counties Properties PLC in a research note on Tuesday, July 26th. Finally, Canaccord Genuity dropped their price objective on shares of Capital & Counties Properties PLC from GBX 280 ($3.65) to GBX 275 ($3.59) and set a “hold” rating for the company in a research note on Friday, August 26th. Seven analysts have rated the stock with a sell rating, five have issued a hold rating and four have issued a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average price target of GBX 293.88 ($3.84).
Shares of Capital & Counties Properties PLC (LON:CAPC) traded down 1.50% during mid-day trading on Friday, reaching GBX 269.30. The company’s stock had a trading volume of 5,454,290 shares. The company’s market capitalization is GBX 2.28 billion. The firm’s 50 day moving average price is GBX 287.82 and its 200-day moving average price is GBX 310.91. Capital & Counties Properties PLC has a 1-year low of GBX 257.20 and a 1-year high of GBX 451.80.
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The company also recently declared a dividend, which was paid on Friday, September 30th. Investors of record on Thursday, September 8th were paid a dividend of GBX 0.50 ($0.01) per share. This represents a yield of 0.18%. The ex-dividend date of this dividend was Thursday, September 8th.
In related news, insider Das,Soumen sold 68,457 shares of Capital & Counties Properties PLC stock in a transaction on Tuesday, September 6th. The shares were sold at an average price of GBX 296 ($3.86), for a total transaction of £202,632.72 ($264,499.05).
Capital & Counties Properties PLC Company Profile
Capital & Counties Properties PLC is a United Kingdom-based property company. The Company’s principal activity is the development and management of property. The Company’s segments include Covent Garden, Earls Court Properties, Venues and Other. It is organized into four divisions: Covent Garden; Earls Court Properties, which represents its interests in the Earls Court area, comprising properties held in Earls Court Partnership Limited (ECPL), Lillie Square, the Empress State Building and a range of smaller properties in the Earls Court area; Venues, which comprises the exhibitions business, including the Olympia London property assets and Maclise Road1, and Other, which comprises the discontinued activity of The Great Capital Partnership, the Company’s residual China investments, other head office companies and investments.
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