Today: Capital & Counties Properties PLC (CAPC) Rating Increased to Outperform at Credit Suisse Group AG

Today: Capital & Counties Properties PLC (CAPC) Rating Increased to Outperform at Credit Suisse Group AG

Capital & Counties Properties PLC (LON:CAPC) was upgraded by stock analysts at Credit Suisse Group AG to an “outperform” rating in a report issued on Thursday. The firm presently has a GBX 290 ($3.59) target price on the stock, up from their previous target price of GBX 200 ($2.48). Credit Suisse Group AG’s price target indicates a potential upside of 2.44% from the stock’s current price.

Several other research firms also recently issued reports on CAPC. BNP Paribas reiterated an “underperform” rating and set a GBX 252 ($3.12) price target on shares of Capital & Counties Properties PLC in a research note on Sunday, July 10th. HSBC upped their price target on Capital & Counties Properties PLC from GBX 278 ($3.44) to GBX 287 ($3.55) and gave the stock a “hold” rating in a research note on Friday, September 30th. Jefferies Group reiterated an “underperform” rating and set a GBX 250 ($3.09) price target on shares of Capital & Counties Properties PLC in a research note on Wednesday, July 27th. Morgan Stanley decreased their price target on Capital & Counties Properties PLC from GBX 280 ($3.47) to GBX 270 ($3.34) and set an “underweight” rating for the company in a research note on Wednesday, August 31st. Finally, Barclays PLC downgraded Capital & Counties Properties PLC to an “equal weight” rating and decreased their price target for the stock from GBX 400 ($4.95) to GBX 320 ($3.96) in a research note on Thursday, July 7th. Six equities research analysts have rated the stock with a sell rating, five have given a hold rating and five have issued a buy rating to the company. Capital & Counties Properties PLC presently has an average rating of “Hold” and a consensus target price of GBX 299.50 ($3.71).

Capital & Counties Properties PLC (LON:CAPC) opened at 282.70 on Thursday. The company’s 50-day moving average price is GBX 285.82 and its 200-day moving average price is GBX 309.05. Capital & Counties Properties PLC has a 52-week low of GBX 257.20 and a 52-week high of GBX 451.80. The firm’s market cap is GBX 2.39 billion.

The business also recently announced a dividend, which was paid on Friday, September 30th. Stockholders of record on Thursday, September 8th were issued a GBX 0.50 ($0.01) dividend. The ex-dividend date of this dividend was Thursday, September 8th. This represents a dividend yield of 0.18%.

In other news, insider Das,Soumen sold 68,457 shares of the stock in a transaction that occurred on Tuesday, September 6th. The stock was sold at an average price of GBX 296 ($3.66), for a total value of £202,632.72 ($250,783.07).

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