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Home / Support and Resistance / Capital & Counties Properties PLC (CAPC.L) 27-01-20

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) 27-01-20

Will Capital & Counties Properties PLC (CAPC.L) shares break through support at 251p, or push upwards again to 270p (+7%)?

 

  • Shares trading at 251.6p, near the 251p support (at time of writing).
  • Will the pattern repeat this time? This support has proven to be a key level in the recent past.
  • 270p was the recent high. (+7%)
  • Shares -7% from 12-month highs; +36% from 12 month lows.

Latest News

09 Dec:  Capital and Counties Properties announced that it had obtained REIT status.

02 Dec:  Capital and Counties announced it would define itself as a central London property business after the disposal of its interest in Earls Court for £425m and would change to REIT status.

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).

21 Oct:  Capital and Counties has taken note of a statement by Candy Ventures that it was within the initial stages of considering a takeover bid.

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

 

Click to enlarge

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