Cape PLC (CIU) Stock Rating Reaffirmed by Canaccord Genuity
Cape PLC (LON:CIU)‘s stock had its “buy” rating reaffirmed by equities research analysts at Canaccord Genuity in a research report issued to clients and investors on Tuesday. They currently have a GBX 350 ($4.57) target price on the stock. Canaccord Genuity’s price target suggests a potential upside of 71.57% from the stock’s previous close.
Several other equities research analysts also recently commented on the stock. Numis Securities Ltd reissued a “buy” rating and set a GBX 270 ($3.52) target price on shares of Cape PLC in a research report on Friday, September 2nd. Macquarie reissued a “neutral” rating and set a GBX 180 ($2.35) target price on shares of Cape PLC in a research report on Tuesday, August 30th. Finally, JPMorgan Chase & Co. reissued a “neutral” rating on shares of Cape PLC in a research report on Wednesday, August 24th. Three investment analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. Cape PLC has an average rating of “Buy” and a consensus price target of GBX 254.50 ($3.32).
Shares of Cape PLC (LON:CIU) opened at 209.00 on Tuesday. The firm’s market capitalization is GBX 252.93 million. The stock has a 50 day moving average of GBX 195.44 and a 200-day moving average of GBX 209.64. Cape PLC has a 52-week low of GBX 176.25 and a 52-week high of GBX 262.50.
The company also recently disclosed a dividend, which will be paid on Friday, October 7th. Shareholders of record on Thursday, September 8th will be given a GBX 4.50 ($0.06) dividend. This represents a yield of 2.41%. The ex-dividend date is Thursday, September 8th.
Cape PLC Company Profile
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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