Published On: Mon, Sep 19th, 2016

Capital & Counties Properties PLC (CAPC) Earns Hold Rating from Deutsche Bank AG

Capital & Counties Properties PLC (LON:CAPC)‘s stock had its “hold” rating reaffirmed by equities researchers at Deutsche Bank AG in a research report issued on Monday. They currently have a GBX 250 ($3.33) price objective on the stock. Deutsche Bank AG’s target price indicates a potential downside of 11.37% from the company’s previous close.
A number of other equities analysts also recently issued reports on CAPC. Credit Suisse Group AG lowered their price objective on Capital & Counties Properties PLC from GBX 310 ($4.13) to GBX 280 ($3.73) and set an “underperform” rating for the company in a research report on Friday, June 17th. BNP Paribas restated an “underperform” rating and set a GBX 348 ($4.64) price objective on shares of Capital & Counties Properties PLC in a research report on Monday, June 20th. JPMorgan Chase & Co. lowered their price objective on Capital & Counties Properties PLC from GBX 490 ($6.53) to GBX 330 ($4.40) and set an “underweight” rating for the company in a research report on Wednesday, June 22nd. Barclays PLC downgraded Capital & Counties Properties PLC to an “equal weight” rating and lowered their price objective for the stock from GBX 400 ($5.33) to GBX 320 ($4.26) in a research report on Thursday, July 7th. Finally, Numis Securities Ltd restated a “buy” rating and set a GBX 78 ($1.04) price objective on shares of Capital & Counties Properties PLC in a research report on Wednesday, July 13th. Eight investment analysts have rated the stock with a sell rating, four have assigned a hold rating and four have issued a buy rating to the company’s stock. Capital & Counties Properties PLC has a consensus rating of “Hold” and a consensus target price of GBX 293.13 ($3.90).
Capital & Counties Properties PLC (LON:CAPC) remained flat at GBX 282.00 during trading on Monday. The company had a trading volume of 991,068 shares. The company’s 50 day moving average is GBX 287.22 and its 200-day moving average is GBX 314.82. Capital & Counties Properties PLC has a 52-week low of GBX 257.20 and a 52-week high of GBX 451.80. The company’s market cap is GBX 2.38 billion.

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The firm also recently disclosed a dividend, which will be paid on Friday, September 30th. Shareholders of record on Thursday, September 8th will be given a GBX 0.50 ($0.01) dividend. The ex-dividend date of this dividend is Thursday, September 8th. This represents a yield of 0.18%.
In other Capital & Counties Properties PLC news, insider Das,Soumen sold 68,457 shares of the business’s stock in a transaction on Tuesday, September 6th. The stock was sold at an average price of GBX 296 ($3.94), for a total value of £202,632.72 ($269,889.08).
Capital & Counties Properties PLC Company Profile
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, Venues and Other. It is organized into four divisions: Covent Garden; Earls Court Properties, which represents its interests in the Earls Court area, comprising properties held in Earls Court Partnership Limited (ECPL), Lillie Square, the Empress State Building and a range of smaller properties in the Earls Court area; Venues, which comprises the exhibitions business, including the Olympia London property assets and Maclise Road1, and Other, which comprises the discontinued activity of The Great Capital Partnership, the Company’s residual China investments, other head office companies and investments.

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