Capital & Counties Properties PLC (LON:CAPC) Price Target Cut to GBX 190

Capital & Counties Properties PLC (LON:CAPC) had its price objective trimmed by Morgan Stanley from GBX 220 ($2.87) to GBX 190 ($2.48) in a research note issued to investors on Friday, ThisIsMoney.Co.Uk reports. The firm currently has an underweight rating on the stock.

Several other analysts have also recently commented on CAPC. Deutsche Bank reduced their target price on Capital & Counties Properties PLC from GBX 260 ($3.40) to GBX 240 ($3.14) and set a hold rating on the stock in a report on Friday, July 26th. Numis Securities reiterated a hold rating and issued a GBX 243 ($3.18) target price on shares of Capital & Counties Properties PLC in a report on Friday, May 31st. Liberum Capital reiterated a hold rating on shares of Capital & Counties Properties PLC in a report on Friday, May 31st. JPMorgan Chase & Co. reduced their target price on Capital & Counties Properties PLC from GBX 245 ($3.20) to GBX 200 ($2.61) and set an underweight rating on the stock in a report on Tuesday, August 13th. Finally, Peel Hunt reiterated an add rating on shares of Capital & Counties Properties PLC in a report on Thursday, September 5th. Three investment analysts have rated the stock with a sell rating, four have assigned a hold rating and one has assigned a buy rating to the stock. Capital & Counties Properties PLC currently has a consensus rating of Hold and an average target price of GBX 247.29 ($3.23).

Shares of CAPC stock opened at GBX 223.20 ($2.92) on Friday. The business’s 50 day simple moving average is GBX 202.22 and its 200 day simple moving average is GBX 225.75. Capital & Counties Properties PLC has a one year low of GBX 181.40 ($2.37) and a one year high of GBX 280.60 ($3.67). The stock has a market capitalization of $1.90 billion and a PE ratio of -11.33. The company has a debt-to-equity ratio of 22.90, a current ratio of 1.86 and a quick ratio of 1.58.

The business also recently announced a dividend, which will be paid on Friday, September 20th. Investors of record on Thursday, August 29th will be issued a GBX 0.50 ($0.01) dividend. This represents a yield of 0.23%. The ex-dividend date is Thursday, August 29th. Capital & Counties Properties PLC’s payout ratio is presently -0.05%.

In other Capital & Counties Properties PLC news, insider Ian Hawksworth purchased 9,029 shares of the company’s stock in a transaction on Thursday, August 22nd. The shares were purchased at an average cost of GBX 198 ($2.59) per share, with a total value of £17,877.42 ($23,360.02).

About Capital & Counties Properties PLC

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.

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

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