Capital & Counties Properties PLC (CAPC) Receives Average Rating of “Hold” from Brokerages

Shares of Capital & Counties Properties PLC (LON:CAPC) have earned an average recommendation of “Hold” from the nine ratings firms that are covering the stock, MarketBeat reports. Three investment analysts have rated the stock with a sell recommendation, five have assigned a hold recommendation and one has issued a buy recommendation on the company. The average twelve-month target price among brokerages that have issued a report on the stock in the last year is GBX 274.43 ($3.59).

Several research analysts have recently commented on the company. Liberum Capital reaffirmed a “hold” rating on shares of Capital & Counties Properties PLC in a research note on Tuesday, March 12th. Numis Securities reaffirmed a “hold” rating and issued a GBX 243 ($3.18) price objective on shares of Capital & Counties Properties PLC in a research note on Tuesday, March 5th. Peel Hunt reaffirmed an “add” rating on shares of Capital & Counties Properties PLC in a research note on Wednesday, February 27th. Deutsche Bank decreased their price objective on Capital & Counties Properties PLC from GBX 280 ($3.66) to GBX 260 ($3.40) and set a “hold” rating on the stock in a research note on Tuesday, March 19th. Finally, Morgan Stanley decreased their price objective on Capital & Counties Properties PLC from GBX 230 ($3.01) to GBX 220 ($2.87) and set an “underweight” rating on the stock in a research note on Thursday, March 14th.

In other Capital & Counties Properties PLC news, insider Jonathan S. Lane bought 8,650 shares of the business’s stock in a transaction that occurred on Wednesday, April 17th. The stock was purchased at an average price of GBX 241 ($3.15) per share, for a total transaction of £20,846.50 ($27,239.64).

LON CAPC opened at GBX 229.30 ($3.00) on Thursday. The company has a debt-to-equity ratio of 20.69, a quick ratio of 0.87 and a current ratio of 1.24. Capital & Counties Properties PLC has a 52 week low of GBX 225.20 ($2.94) and a 52 week high of GBX 310 ($4.05). The stock has a market capitalization of $1.97 billion and a PE ratio of -34.22.

Capital & Counties Properties PLC (LON:CAPC) last posted its quarterly earnings data on Wednesday, February 27th. The company reported GBX 0.90 ($0.01) EPS for the quarter, missing the consensus estimate of GBX 1 ($0.01) by GBX (0.10) ($0.00). On average, equities analysts predict that Capital & Counties Properties PLC will post 171.000004586756 EPS for the current fiscal year.

The firm also recently announced a dividend, which will be paid on Thursday, May 16th. Investors of record on Thursday, April 11th will be given a dividend of GBX 1 ($0.01) per share. The ex-dividend date of this dividend is Thursday, April 11th. This represents a dividend yield of 0.39%. This is a boost from Capital & Counties Properties PLC’s previous dividend of $0.50. Capital & Counties Properties PLC’s dividend payout ratio (DPR) is currently -0.15%.

Capital & Counties Properties PLC Company Profile

Capital & Counties Properties PLC, a property company, invests in, develops, and manages real estate properties in the United Kingdom. Its principal properties include Covent Garden, a retail and dining destination in London; and Earls Court, a mixed-use development estate in London. The company was founded in 2010 and is headquartered in London, the United Kingdom.

Further Reading: Overbought

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

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