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Home / Ranges / Capital & Counties Properties PLC (CAPC.L) 10-02-20

This report is not a personal recommendation and does not take into account your personal circumstances or appetite for risk.

Capital & Counties Properties PLC (CAPC.L) 10-02-20

Will shares break support, or will Capital & Counties Properties PLC (CAPC.L) continue within the current range and return to teh range highs at 267p? (+10%)

 

  • Currently trading around the 242p support at 242.5p (at time of writing).
  • The range has proven robust to date. Will the pattern repeat?
  • The price has traded within this range for some time. However, traders should be mindful of stop-loss placement.
  • Will the price continue in this range, bouncing once again to recent highs of 267p? (+10%).
  • Shares -10% from 12-month highs; +31% from 12 month lows.

Latest News

27 Jan:  Liberum Capital reiterates its hold rating on Capital & Counties Properties (CAPC) and reduced the target price to 280p (from 300p).

09 Dec:  Capital & Counties Properties confirmed that it had obtained UK REIT status.  The company said it would be a more tax-efficient model for its operations.

29 Nov:  Citigroup has downgraded its rating on Capital & Counties Properties (CAPC) to neutral (from buy) and reduced the target price to 270p (from 279p).

27 Nov:  HSBC has downgraded its rating on Capital & Counties Properties (CAPC) to hold (from buy) and reduced the target price to 265p (from 301p).

19 Nov:  Barclays Capital reiterates its underweight rating on Capital & Counties Properties (CAPC) and increased the target price to 230p (from 215p).

14 Nov:  Peel Hunt has upgraded its rating on Capital & Counties Properties (CAPC) to buy (from add) and increased the target price to 300p (from 280p).

Source: Bloomberg, Reuters, Alpha Terminal, FT, DJ Newswires

 

Click to enlarge

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