Capital & Counties Properties PLC (LON:CAPC) Reaches New 52-Week Low at $197.35

Shares of Capital & Counties Properties PLC (LON:CAPC) reached a new 52-week low during mid-day trading on Wednesday . The stock traded as low as GBX 197.35 ($2.58) and last traded at GBX 197.40 ($2.58), with a volume of 872903 shares trading hands. The stock had previously closed at GBX 210.10 ($2.75).

CAPC has been the subject of several analyst reports. Liberum Capital reaffirmed a “hold” rating on shares of Capital & Counties Properties PLC in a research note on Friday, May 31st. Peel Hunt reaffirmed an “add” rating on shares of Capital & Counties Properties PLC in a research note on Monday, July 22nd. Numis Securities reaffirmed a “hold” rating and set a GBX 243 ($3.18) price target on shares of Capital & Counties Properties PLC in a research note on Friday, May 31st. Finally, Deutsche Bank dropped their price target on shares of Capital & Counties Properties PLC from GBX 260 ($3.40) to GBX 240 ($3.14) and set a “hold” rating for the company in a research note on Friday, July 26th. Three research analysts have rated the stock with a sell rating, four have assigned a hold rating and one has issued a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus price target of GBX 258 ($3.37).

The stock has a 50 day simple moving average of GBX 216.94. The stock has a market capitalization of $1.67 billion and a price-to-earnings ratio of -9.83. The company has a current ratio of 1.86, a quick ratio of 1.58 and a debt-to-equity ratio of 22.90.

The company also recently announced a dividend, which will be paid on Friday, September 20th. Investors of record on Thursday, August 29th will be paid a dividend of GBX 0.50 ($0.01) per share. This represents a yield of 0.23%. The ex-dividend date is Thursday, August 29th. Capital & Counties Properties PLC’s dividend payout ratio is presently -0.05%.

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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