Cape PLC (CIU) Stock Rating Reaffirmed by Royal Bank of Canada
Cape PLC (LON:CIU)‘s stock had its “outperform” rating reiterated by equities research analysts at Royal Bank of Canada in a report released on Wednesday. They currently have a GBX 290 ($3.76) price target on the stock. Royal Bank of Canada’s price objective suggests a potential upside of 9.64% from the stock’s current price.
CIU has been the subject of a number of other research reports. Canaccord Genuity upped their price target on Cape PLC from GBX 250 ($3.24) to GBX 275 ($3.56) and gave the stock a “buy” rating in a research report on Wednesday, May 10th. Numis Securities Ltd reaffirmed a “buy” rating and set a GBX 300 ($3.89) price target on shares of Cape PLC in a research report on Monday, June 5th. Finally, Macquarie raised Cape PLC to an “outperform” rating and upped their price target for the stock from GBX 200 ($2.59) to GBX 240 ($3.11) in a research report on Thursday, March 16th. Two equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The stock has a consensus rating of “Buy” and a consensus price target of GBX 275 ($3.56).
Shares of Cape PLC (LON:CIU) traded up 45.93% on Wednesday, hitting GBX 264.50. 2,007,461 shares of the company’s stock traded hands. Cape PLC has a 1-year low of GBX 139.00 and a 1-year high of GBX 268.00. The company’s market cap is GBX 320.10 million. The firm’s 50-day moving average price is GBX 221.05 and its 200 day moving average price is GBX 200.07.
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About Cape PLC
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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