Is Cape PLC a Sell? The Stock Declines Again

 Is Cape PLC a Sell? The Stock Declines Again

The stock of Cape PLC (LON:CIU) is a huge mover today! The stock decreased 5.78% or GBX 8.75 on November 30, hitting GBX 142.75. About 320,538 shares traded hands or 25.27% up from the average. Cape PLC (LON:CIU) has declined 37.80% since May 3, 2016 and is downtrending. It has underperformed by 43.03% the S&P500.
The move comes after 5 months negative chart setup for the GBX 172.88 million company. It was reported on Nov, 30 by Barchart.com. We have GBX 137.04 PT which if reached, will make LON:CIU worth GBX 6.92M less.

Cape PLC (LON:CIU) Ratings Coverage

Out of 6 analysts covering Cape PLC (LON:CIU), 3 rate it a “Buy”, 0 “Sell”, while 3 “Hold”. This means 50% are positive. Cape PLC has been the topic of 34 analyst reports since August 12, 2015 according to StockzIntelligence Inc. The stock has “Neutral” rating given by JP Morgan on Wednesday, August 24. The rating was maintained by Investec on Monday, August 17 with “Buy”. The rating was upgraded by Numis Securities on Wednesday, August 26 to “Buy”. The firm has “Buy” rating by Canaccord Genuity given on Tuesday, December 22. The firm has “Buy” rating given on Wednesday, October 7 by Canaccord Genuity. The stock of Cape PLC (LON:CIU) earned “Underperform” rating by Macquarie Research on Thursday, July 21. The firm has “Buy” rating given on Tuesday, September 20 by Canaccord Genuity. The firm has “Neutral” rating by Macquarie Research given on Tuesday, August 30. Canaccord Genuity maintained it with “Buy” rating and GBX 300 target price in Wednesday, August 26 report. The company was maintained on Friday, September 2 by Numis Securities.

Another recent and important Cape PLC (LON:CIU) news was published by Fool.Co.Uk which published an article titled: “Are Reckitt Benckiser plc, Cape plc and Berkeley Group Holdings plc 3 dividend …” on June 17, 2016.

Cape plc is a holding company. The company has a market cap of 172.88 million GBP. The Firm is engaged in the provision of critical industrial services principally to the energy and natural resources sectors. It has a 21.27 P/E ratio. 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, gas and oil storage tanks, heat exchanger replacement and refurbishment, and environmental services.

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