Capital & Counties Properties PLC (CAPC) Given “Hold” Rating at Deutsche Bank AG
Capital & Counties Properties PLC (LON:CAPC)‘s stock had its “hold” rating reissued by Deutsche Bank AG in a report released on Tuesday. They presently have a GBX 250 ($3.26) price target on the stock. Deutsche Bank AG’s target price suggests a potential downside of 7.17% from the stock’s current price.
Other equities analysts have also recently issued reports about the stock. Numis Securities Ltd restated a “buy” rating and issued a GBX 78 ($1.02) price target on shares of Capital & Counties Properties PLC in a research report on Wednesday, July 13th. Peel Hunt reiterated a “sell” rating and set a GBX 225 ($2.94) price objective on shares of Capital & Counties Properties PLC in a research report on Tuesday, July 26th. BNP Paribas reiterated an “underperform” rating and set a GBX 252 ($3.29) price objective on shares of Capital & Counties Properties PLC in a research report on Monday, August 1st. Liberum Capital reiterated a “hold” rating and set a GBX 300 ($3.92) price objective on shares of Capital & Counties Properties PLC in a research report on Tuesday, July 26th. Finally, Citigroup Inc. reiterated a “buy” rating and set a GBX 396 ($5.17) price objective on shares of Capital & Counties Properties PLC in a research report on Monday, July 18th. Seven equities research analysts have rated the stock with a sell rating, five have issued a hold rating and four have assigned a buy rating to the stock. The company currently has an average rating of “Hold” and a consensus target price of GBX 293.88 ($3.84).
Shares of Capital & Counties Properties PLC (LON:CAPC) traded down 1.50% during midday trading on Tuesday, reaching GBX 269.30. 5,454,290 shares of the company’s stock traded hands. The firm’s market cap is GBX 2278.05 billion. The company has a 50 day moving average of GBX 287.82 and a 200 day moving average of GBX 310.91. Capital & Counties Properties PLC has a 52-week low of GBX 257.20 and a 52-week high of GBX 451.80.
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The business also recently disclosed a dividend, which was paid on Friday, September 30th. Investors of record on Thursday, September 8th were issued a dividend of GBX 0.50 ($0.01) per share. The ex-dividend date was Thursday, September 8th. This represents a yield of 0.18%.
In related news, insider Das,Soumen sold 68,457 shares of the firm’s stock in a transaction dated 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).
About Capital & Counties Properties PLC
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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