JPMorgan Chase & Co. Reaffirms Underweight Rating for Capital & Counties Properties PLC (CAPC)

Capital & Counties Properties PLC (LON:CAPC)‘s stock had its “underweight” rating reaffirmed by equities research analysts at JPMorgan Chase & Co. in a research note issued on Tuesday, June 12th. They currently have a GBX 270 ($3.59) target price on the stock. JPMorgan Chase & Co.’s target price would indicate a potential downside of 5.16% from the stock’s previous close.

Several other equities analysts also recently issued reports on CAPC. Liberum Capital reiterated a “hold” rating on shares of Capital & Counties Properties PLC in a research report on Thursday, May 24th. Credit Suisse Group boosted their price objective on Capital & Counties Properties PLC from GBX 315 ($4.19) to GBX 335 ($4.46) and gave the stock a “neutral” rating in a research report on Wednesday, June 6th. Citigroup upped their target price on Capital & Counties Properties PLC from GBX 374 ($4.98) to GBX 380 ($5.06) and gave the stock a “buy” rating in a research report on Thursday, May 10th. Numis Securities upgraded Capital & Counties Properties PLC to a “hold” rating and set a GBX 284 ($3.78) target price for the company in a research report on Tuesday, March 13th. Finally, Peel Hunt restated a “reduce” rating and issued a GBX 250 ($3.33) target price on shares of Capital & Counties Properties PLC in a research report on Friday, February 16th. Four analysts have rated the stock with a sell rating, six have given a hold rating and one has issued a buy rating to the company. The company presently has an average rating of “Hold” and an average target price of GBX 266.09 ($3.54).

Shares of LON CAPC traded down GBX 0.40 ($0.01) during midday trading on Tuesday, hitting GBX 284.70 ($3.79). 1,446,528 shares of the company’s stock were exchanged, compared to its average volume of 2,780,000. Capital & Counties Properties PLC has a twelve month low of GBX 251.90 ($3.35) and a twelve month high of GBX 326.10 ($4.34).

Capital & Counties Properties PLC Company Profile

Capital & Counties Properties PLC, a property company, invests in, develops, and manages real estate properties in the United Kingdom. The company operates through three segments: Covent Garden, Earls Court Properties, and Other. Its assets principally comprise investment and development properties at Covent Garden and Earls Court.

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

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