Cape PLC (CIU) Upgraded by Canaccord Genuity to “Buy”

Canaccord Genuity upgraded shares of Cape PLC (LON:CIU) to a buy rating in a research report report published on Wednesday. The firm currently has GBX 250 ($3.09) target price on the stock, up from their previous target price of GBX 230 ($2.84).

Separately, Numis Securities Ltd restated a buy rating and issued a GBX 270 ($3.33) price objective on shares of Cape PLC in a research note on Friday, January 6th.

Cape PLC (LON:CIU) opened at 204.25 on Wednesday. The company’s market cap is GBX 247.18 million. Cape PLC has a 12 month low of GBX 139.00 and a 12 month high of GBX 242.00. The company has a 50-day moving average of GBX 181.01 and a 200-day moving average of GBX 182.31.

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The business also recently disclosed a dividend, which will be paid on Friday, June 23rd. Stockholders of record on Thursday, May 18th will be paid a GBX 2.50 ($0.03) dividend. The ex-dividend date is Thursday, May 18th. This represents a dividend yield of 1.33%.

About Cape PLC

Cape plc (Cape) is a holding company. The Company is engaged in the provision of critical industrial services principally to the energy and natural resources sectors. Cape provides a multi-disciplinary service offering, including the traditional services of access, insulation, coatings and mechanical, and a range of specialist services, including refractory linings, oil and gas storage tanks, heat exchanger replacement and refurbishment, and environmental services.

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