Peel Hunt Upgrades Capital & Counties Properties PLC (CAPC) to Reduce

Capital & Counties Properties PLC (LON:CAPC) was upgraded by stock analysts at Peel Hunt to a “reduce” rating in a report issued on Tuesday. The brokerage currently has a GBX 250 ($3.36) price objective on the stock, up from their previous price objective of GBX 225 ($3.03). Peel Hunt’s price target would suggest a potential downside of 6.05% from the company’s current price.

CAPC has been the topic of several other reports. J P Morgan Chase & Co reissued an “overweight” rating and set a GBX 75 ($1.01) price objective on shares of Capital & Counties Properties PLC in a report on Wednesday, August 23rd. Citigroup reissued a “buy” rating on shares of Capital & Counties Properties PLC in a report on Thursday, November 9th. Deutsche Bank reissued a “hold” rating and set a GBX 250 ($3.36) price objective on shares of Capital & Counties Properties PLC in a report on Thursday, October 26th. Numis Securities raised shares of Capital & Counties Properties PLC to an “add” rating and set a GBX 305 ($4.10) price objective on the stock in a report on Wednesday, October 18th. Finally, Liberum Capital reissued a “hold” rating and set a GBX 300 ($4.04) price objective on shares of Capital & Counties Properties PLC in a report on Monday, November 20th. Three investment analysts have rated the stock with a sell rating, five have issued a hold rating and three have given a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus target price of GBX 223.55 ($3.01).

Capital & Counties Properties PLC (LON CAPC) opened at GBX 266.10 ($3.58) on Tuesday. Capital & Counties Properties PLC has a 1 year low of GBX 251.90 ($3.39) and a 1 year high of GBX 326.10 ($4.39).

In other news, insider Charlotte Boyle purchased 10,000 shares of the business’s stock in a transaction on Friday, November 10th. The shares were acquired at an average cost of GBX 257 ($3.46) per share, with a total value of £25,700 ($34,589.50).

WARNING: This story was originally published by Chaffey Breeze and is owned by of Chaffey Breeze. If you are accessing this story on another website, it was stolen and republished in violation of United States and international copyright and trademark laws. The correct version of this story can be viewed at https://www.chaffeybreeze.com/2017/12/07/peel-hunt-upgrades-capital-counties-properties-plc-capc-to-reduce.html.

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 and Other. The Earls Court Properties division represents the Company’s interests in the Earls Court area, comprising properties held in ECPL, Lillie Square, the Empress State Building and a number of smaller properties in the Earls Court area.

Analyst Recommendations for Capital & Counties Properties PLC (LON:CAPC)

Receive News & Ratings for Capital & Counties Properties PLC Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Capital & Counties Properties PLC and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

Leave a Reply