Trading Report: The Jefferies Group Reiterates “Underperform” Rating for Capital & Counties Properties PLC (CAPC)

The Jefferies Group Reiterates “Underperform” Rating for Capital & Counties Properties PLC (CAPC)

Capital & Counties Properties PLC (LON:CAPC)‘s stock had its “underperform” rating reissued by Jefferies Group in a report issued on Thursday. They currently have a GBX 250 ($3.05) price target on the stock. Jefferies Group’s price target would suggest a potential downside of 12.28% from the company’s current price.

CAPC has been the topic of a number of other research reports. BNP Paribas restated an “underperform” rating and issued a GBX 252 ($3.07) target price on shares of Capital & Counties Properties PLC in a research note on Sunday, July 10th. HSBC upped their target price on shares of Capital & Counties Properties PLC from GBX 278 ($3.39) to GBX 287 ($3.50) and gave the company a “hold” rating in a research note on Friday, September 30th. Morgan Stanley cut their target price on shares of Capital & Counties Properties PLC from GBX 280 ($3.41) to GBX 270 ($3.29) and set an “underweight” rating on the stock in a research note on Wednesday, August 31st. Barclays PLC lowered shares of Capital & Counties Properties PLC to an “equal weight” rating and cut their target price for the company from GBX 400 ($4.88) to GBX 320 ($3.90) in a research note on Thursday, July 7th. Finally, Numis Securities Ltd restated a “buy” rating and issued a GBX 78 ($0.95) target price on shares of Capital & Counties Properties PLC in a research note on Wednesday, July 13th. Six research analysts have rated the stock with a sell rating, five have given a hold rating and five have given a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus target price of GBX 299.50 ($3.65).

Shares of Capital & Counties Properties PLC (LON:CAPC) opened at 283.298431 on Thursday. Capital & Counties Properties PLC has a one year low of GBX 257.20 and a one year high of GBX 451.80. The firm has a 50-day moving average price of GBX 283.50 and a 200-day moving average price of GBX 305.85. The stock’s market cap is GBX 2.40 billion.

In related news, insider Das,Soumen sold 68,457 shares of the firm’s stock in a transaction that occurred on Tuesday, September 6th. The shares were sold at an average price of GBX 296 ($3.61), for a total transaction of £202,632.72 ($246,962.49).

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