Capital & Counties Properties PLC (LON:CAPC) Shares Cross Above 200 Day Moving Average of $225.67

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Capital & Counties Properties PLC (LON:CAPC)’s share price passed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of $225.67 and traded as high as $261.80. Capital & Counties Properties PLC shares last traded at $261.80, with a volume of 2,534,261 shares trading hands.

Several equities analysts have recently commented on the company. Citigroup lowered Capital & Counties Properties PLC to a “neutral” rating and decreased their price target for the company from GBX 279 ($3.67) to GBX 270 ($3.55) in a research note on Friday, November 29th. Peel Hunt reissued a “buy” rating on shares of Capital & Counties Properties PLC in a research report on Monday, December 2nd. JPMorgan Chase & Co. reduced their price objective on shares of Capital & Counties Properties PLC from GBX 245 ($3.22) to GBX 200 ($2.63) and set an “underweight” rating on the stock in a report on Tuesday, August 13th. HSBC cut shares of Capital & Counties Properties PLC to a “hold” rating and decreased their target price for the company from GBX 301 ($3.96) to GBX 265 ($3.49) in a research report on Wednesday, November 27th. Finally, Morgan Stanley lowered their target price on shares of Capital & Counties Properties PLC from GBX 220 ($2.89) to GBX 190 ($2.50) and set an “underweight” rating for the company in a research note on Friday, September 13th. Three investment analysts have rated the stock with a sell rating, five have given a hold rating and two have issued a buy rating to the stock. The company currently has an average rating of “Hold” and a consensus price target of GBX 248.67 ($3.27).

The company has a debt-to-equity ratio of 22.90, a current ratio of 1.86 and a quick ratio of 1.58. The business has a 50 day simple moving average of GBX 255.18 and a 200 day simple moving average of GBX 226.03. The company has a market capitalization of $2.22 billion and a price-to-earnings ratio of -13.29.

In related news, insider Ian Hawksworth sold 215,673 shares of the stock in a transaction dated Thursday, November 21st. The stock was sold at an average price of GBX 252 ($3.31), for a total transaction of £543,495.96 ($714,938.12).

About Capital & Counties Properties PLC (LON:CAPC)

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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