Capital & Counties Properties PLC (LON:CAPC) Upgraded at Peel Hunt

Peel Hunt upgraded shares of Capital & Counties Properties PLC (LON:CAPC) to a buy rating in a research report released on Thursday morning, LSE.Co.UK reports. The brokerage currently has GBX 300 ($3.92) price target on the stock, up from their prior price target of GBX 280 ($3.66).

Other research analysts also recently issued reports about the stock. Morgan Stanley dropped their target price on shares of Capital & Counties Properties PLC from GBX 220 ($2.87) to GBX 190 ($2.48) and set an underweight rating on the stock in a research report on Friday, September 13th. JPMorgan Chase & Co. dropped their target price on shares of Capital & Counties Properties PLC from GBX 245 ($3.20) to GBX 200 ($2.61) and set an underweight rating on the stock in a research report on Tuesday, August 13th. Deutsche Bank dropped their target price on shares of Capital & Counties Properties PLC from GBX 260 ($3.40) to GBX 240 ($3.14) and set a hold rating on the stock in a research report on Friday, July 26th. Finally, Peel Hunt raised shares of Capital & Counties Properties PLC to a buy rating and increased their target price for the company from GBX 280 ($3.66) to GBX 300 ($3.92) in a research report on Thursday. Three equities research analysts have rated the stock with a sell rating, three have given a hold rating and two have given a buy rating to the company’s stock. Capital & Counties Properties PLC has an average rating of Hold and an average price target of GBX 244.71 ($3.20).

Shares of LON CAPC traded up GBX 5.80 ($0.08) during mid-day trading on Thursday, reaching GBX 268.30 ($3.51). The company had a trading volume of 2,126,000 shares, compared to its average volume of 2,780,000. The company has a current ratio of 1.86, a quick ratio of 1.58 and a debt-to-equity ratio of 22.90. The firm has a 50 day simple moving average of GBX 247.19 and a two-hundred day simple moving average of GBX 224.54. The stock has a market cap of $2.23 billion and a P/E ratio of -13.62. Capital & Counties Properties PLC has a 52-week low of GBX 181.40 ($2.37) and a 52-week high of GBX 275 ($3.59).

In related news, insider Ian Hawksworth bought 9,029 shares of the company’s stock in a transaction that occurred 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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