Capital & Counties Properties PLC (CAPC) Downgraded to Reduce at Numis Securities

Capital & Counties Properties PLC (LON:CAPC) was downgraded by investment analysts at Numis Securities to a “reduce” rating in a research report issued on Thursday. They presently have a GBX 267 ($3.62) price target on the stock. Numis Securities’ price objective suggests a potential downside of 9.61% from the company’s previous close.

Several other brokerages have also recently weighed in on CAPC. Liberum Capital restated a “hold” rating and issued a GBX 300 ($4.07) price objective on shares of Capital & Counties Properties PLC in a report on Monday, January 8th. JPMorgan Chase & Co. lifted their price target on Capital & Counties Properties PLC from GBX 290 ($3.93) to GBX 300 ($4.07) and gave the stock an “underweight” rating in a report on Monday. Jefferies Group reiterated an “underperform” rating and set a GBX 186 ($2.52) price target on shares of Capital & Counties Properties PLC in a report on Thursday. Peel Hunt upgraded Capital & Counties Properties PLC to a “reduce” rating and lifted their price target for the stock from GBX 225 ($3.05) to GBX 250 ($3.39) in a report on Tuesday, December 5th. Finally, Citigroup reiterated a “buy” rating on shares of Capital & Counties Properties PLC in a report on Thursday, November 9th. Five equities research analysts have rated the stock with a sell rating, three have issued a hold rating and one has assigned a buy rating to the company. Capital & Counties Properties PLC currently has an average rating of “Hold” and an average price target of GBX 253 ($3.43).

Shares of Capital & Counties Properties PLC (CAPC) traded down GBX 12.50 ($0.17) during midday trading on Thursday, hitting GBX 295.40 ($4.01). The stock had a trading volume of 2,500,000 shares, compared to its average volume of 2,300,000. The company has a market cap of $2,510.00 and a PE ratio of 14,770.00. Capital & Counties Properties PLC has a 12 month low of GBX 251.90 ($3.42) and a 12 month high of GBX 326.10 ($4.42).

In related news, insider Charlotte Boyle acquired 10,000 shares of the business’s stock in a transaction on Friday, November 10th. The stock was purchased at an average cost of GBX 257 ($3.49) per share, for a total transaction of £25,700 ($34,852.18).

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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.

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

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