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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

This research is produced by Accendo Markets Limited. Research produced and disseminated by Accendo Markets is classified as non-independent research, and is therefore a marketing communication. This investment research has not been prepared in accordance with legal requirements designed to promote its independence and it is not subject to the prohibition on dealing ahead of the dissemination of investment research. This research does not constitute a personal recommendation or offer to enter into a transaction or an investment, and is produced and distributed for information purposes only.


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