Capital & Counties Properties PLC (LON:CAPC) Receives Average Recommendation of “Hold” from Analysts

Shares of Capital & Counties Properties PLC (LON:CAPC) have earned a consensus recommendation of “Hold” from the fourteen analysts that are covering the stock, MarketBeat.com reports. Four analysts have rated the stock with a sell recommendation, seven have issued a hold recommendation and three have issued a buy recommendation on the company. The average 1-year target price among analysts that have covered the stock in the last year is GBX 241.07 ($3.14).

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CAPC has been the topic of several analyst reports. J P Morgan Chase & Co reissued an “underweight” rating and issued a GBX 290 ($3.78) target price on shares of Capital & Counties Properties PLC in a research report on Wednesday, May 31st. HSBC Holdings plc downgraded shares of Capital & Counties Properties PLC to a “hold” rating and lowered their price objective for the company from GBX 66 ($0.86) to GBX 62 ($0.81) in a research report on Thursday, June 29th. Citigroup Inc. reaffirmed a “buy” rating and set a GBX 374 ($4.87) price objective on shares of Capital & Counties Properties PLC in a research report on Monday, April 24th. Liberum Capital reissued a “hold” rating and issued a GBX 300 ($3.91) target price on shares of Capital & Counties Properties PLC in a research report on Tuesday, July 4th. Finally, Numis Securities Ltd reissued a “reduce” rating and issued a GBX 272 ($3.54) target price on shares of Capital & Counties Properties PLC in a research report on Friday, July 21st.

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In other news, insider Gerry Murphy purchased 20,000 shares of the business’s stock in a transaction that occurred on Friday, July 21st. The shares were acquired at an average cost of GBX 307 ($4.00) per share, for a total transaction of £61,400 ($79,958.33). Also, insider Ian Hawksworth sold 685,641 shares of the stock in a transaction that occurred on Friday, June 2nd. The shares were sold at an average price of GBX 306 ($3.98), for a total transaction of £2,098,061.46 ($2,732,206.62).

Capital & Counties Properties PLC (LON:CAPC) opened at 279.70 on Friday. The company’s 50 day moving average is GBX 293.73 and its 200-day moving average is GBX 297.95. Capital & Counties Properties PLC has a 52 week low of GBX 261.97 and a 52 week high of GBX 326.10. The firm’s market cap is GBX 2.37 billion.

The firm also recently announced a dividend, which will be paid on Friday, September 29th. Shareholders of record on Thursday, September 7th will be given a dividend of GBX 0.50 ($0.01) per share. The ex-dividend date of this dividend is Thursday, September 7th. This represents a yield of 0.17%.

About Capital & Counties Properties PLC

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.