J P Morgan Chase & Co Reiterates Overweight Rating for Capital & Counties Properties PLC (LON:CAPC)

Capital & Counties Properties PLC (LON:CAPC)‘s stock had its “overweight” rating reiterated by equities researchers at J P Morgan Chase & Co in a research report issued on Wednesday, August 23rd, StockTargetPrices.com reports. They presently have a GBX 75 ($0.97) target price on the stock. J P Morgan Chase & Co’s price objective would indicate a potential downside of 72.05% from the stock’s current price.

A number of other brokerages have also recently issued reports on CAPC. Peel Hunt reissued a “hold” rating and issued a GBX 61 ($0.79) target price on shares of Capital & Counties Properties PLC in a report on Thursday, August 10th. Liberum Capital reiterated a “hold” rating and issued a GBX 300 ($3.87) price objective on shares of Capital & Counties Properties PLC in a research report on Tuesday, July 4th. Jefferies Group LLC reiterated an “underperform” rating and issued a GBX 190 ($2.45) price objective on shares of Capital & Counties Properties PLC in a research report on Wednesday, April 26th. Numis Securities Ltd reiterated a “buy” rating and issued a GBX 75 ($0.97) price objective on shares of Capital & Counties Properties PLC in a research report on Thursday, August 10th. Finally, HSBC Holdings plc lowered Capital & Counties Properties PLC to a “hold” rating and decreased their price objective for the company from GBX 66 ($0.85) to GBX 62 ($0.80) in a research report on Thursday, June 29th. Two research analysts have rated the stock with a sell rating, seven have issued a hold rating and four have given a buy rating to the company. Capital & Counties Properties PLC has a consensus rating of “Hold” and an average price target of GBX 222.31 ($2.87).

Capital & Counties Properties PLC (LON CAPC) traded down 0.04% on Wednesday, reaching GBX 268.30. 1,867,181 shares of the company’s stock were exchanged. Capital & Counties Properties PLC has a 1-year low of GBX 261.00 and a 1-year high of GBX 326.10. The company has a 50 day moving average price of GBX 282.47 and a 200-day moving average price of GBX 297.07. The company’s market capitalization is GBX 2.28 billion.

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In related news, insider Gerry Murphy bought 20,000 shares of the stock in a transaction that occurred on Friday, July 21st. The shares were acquired at an average price of GBX 307 ($3.96) per share, with a total value of £61,400 ($79,297.43). Also, insider Situl Jobanputra bought 37,500 shares of the stock in a transaction that occurred on Tuesday, July 25th. The stock was bought at an average cost of GBX 296 ($3.82) per share, for a total transaction of £111,000 ($143,355.29).

Capital & Counties Properties PLC Company Profile

Capital & Counties Properties PLC is a United Kingdom-based property company. The Company’s principal activity is the development and management of property. The Company’s segments include Covent Garden, Earls Court Properties and Other. The Earls Court Properties division represents the Company’s interests in the Earls Court area, comprising properties held in ECPL, Lillie Square, the Empress State Building and a number of smaller properties in the Earls Court area.

Stock Target Prices

Analyst Recommendations for Capital & Counties Properties PLC (LON:CAPC)

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