The Cape PLC (CIU) Earns “Buy” Rating from Numis Securities Ltd

The Cape PLC (CIU) Earns “Buy” Rating from Numis Securities Ltd

Several other brokerages have also weighed in on CIU. Canaccord Genuity increased their target price on shares of Cape PLC from GBX 250 ($3.21) to GBX 275 ($3.53) and gave the stock a “buy” rating in a research note on Wednesday, May 10th. Macquarie raised shares of Cape PLC to an “outperform” rating and increased their target price for the stock from GBX 200 ($2.57) to GBX 240 ($3.08) in a research note on Thursday, March 16th.

Cape PLC (LON:CIU)‘s stock had its “buy” rating reaffirmed by equities researchers at Numis Securities Ltd in a research note issued on Monday. They presently have a GBX 300 ($3.85) price target on the stock. Numis Securities Ltd’s target price suggests a potential upside of 23.97% from the company’s previous close.

Cape PLC (CIU) opened at 237.25 on Monday. Cape PLC has a 1-year low of GBX 139.00 and a 1-year high of GBX 252.00. The stock’s market capitalization is GBX 287.12 million. The company’s 50 day moving average is GBX 242.13 and its 200-day moving average is GBX 194.07. The business also recently announced a dividend, which will be paid on Friday, June 23rd. Shareholders of record on Thursday, May 18th will be paid a dividend of GBX 2.50 ($0.03) per share. This represents a yield of 1.33%. The ex-dividend date is Thursday, May 18th.

Cape PLC (CIU) opened at 237.25 on Monday. Cape PLC has a 1-year low of GBX 139.00 and a 1-year high of GBX 252.00. The stock’s market capitalization is GBX 287.12 million. The company’s 50 day moving average is GBX 242.13 and its 200-day moving average is GBX 194.07. About Cape PLC

Cape plc (Cape) is a holding company. The Company is engaged in the provision of critical industrial services principally to the energy and natural resources sectors. Cape provides a multi-disciplinary service offering, including the traditional services of access, insulation, coatings and mechanical, and a range of specialist services, including refractory linings, oil and gas storage tanks, heat exchanger replacement and refurbishment, and environmental services.new TradingView.widget({ “height”: 400, “width”: 625, “symbol”: “LSE:CIU”, “interval”: “D”, “timezone”: “Etc/UTC”, “theme”: “White”, “style”: “1”, “locale”: “en”, “toolbar_bg”: “#f1f3f6”, “enable_publishing”: false, “hideideas”: true, “referral_id”: “2588”});

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