Cape PLC (CIU) Receives Average Rating of “Buy” from Analysts
Cape PLC (LON:CIU) has been assigned a consensus rating of “Buy” from the six ratings firms that are presently covering the firm. Three research analysts have rated the stock with a hold recommendation and three have assigned a buy recommendation to the company. The average 1-year price target among brokers that have covered the stock in the last year is GBX 257.40 ($3.19).
A number of research firms recently weighed in on CIU. Numis Securities Ltd restated a “buy” rating and issued a GBX 270 ($3.34) price objective on shares of Cape PLC in a report on Friday, September 2nd. Macquarie restated a “neutral” rating and issued a GBX 180 ($2.23) price objective on shares of Cape PLC in a report on Tuesday, August 30th. JPMorgan Chase & Co. reiterated a “neutral” rating on shares of Cape PLC in a report on Wednesday, August 24th. Finally, Canaccord Genuity reiterated a “buy” rating and set a GBX 350 ($4.33) price target on shares of Cape PLC in a report on Wednesday, August 31st.
Cape PLC (LON:CIU) traded up 0.82% during mid-day trading on Tuesday, reaching GBX 215.50. The company had a trading volume of 271,470 shares. The company’s market capitalization is GBX 260.80 million. The stock has a 50 day moving average price of GBX 206.40 and a 200 day moving average price of GBX 207.65. Cape PLC has a one year low of GBX 176.25 and a one year high of GBX 262.50.
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The firm also recently declared a dividend, which was paid on Friday, October 7th. Shareholders of record on Thursday, September 8th were issued a dividend of GBX 4.50 ($0.06) per share. The ex-dividend date of this dividend was Thursday, September 8th. This represents a yield of 2.41%.
Cape PLC Company Profile
Cape plc (Cape) is a holding company. The Company is engaged in the provision of critical industrial services principally to the energy and natural resources sectors. Cape provides a multi-disciplinary service offering, including the traditional services of access, insulation, coatings and mechanical, and a range of specialist services, including refractory linings, oil and gas storage tanks, heat exchanger replacement and refurbishment, and environmental services.
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