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Cape PLC (LON:CIU) target price raised to 300.00GBX, reported today by Numis

Cape PLC (LON:CIU) had its target price raised to 300.00GBX by Numis in a report released 6/5/2017. The new target price indicates a possible upside of 0.25% based on the company's last stock close price.

Previously on Thursday March 16, 2017, Macquarie reported about Cape PLC (LON:CIU) raised the target price from 200.00GBX to 240.00GBX. At the time, this indicated a possible upside of 0.02%.

Yesterday Cape PLC (LON:CIU) traded -0.61% lower at 240.88GBX. The company’s 50-day moving average is 264.87GBX and its 200-day moving average is 244.25GBX. The last stock close price is down 7.73% from the 200-day moving average, compared to the S&P 500 which has increased 0.03% over the same time. 9,855 shares of the stock were exchanged, down from an average trading volume of 568,623

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Cape PLC has a 52 week low of 139.00GBX and a 52 week high of 273.00GBX The company’s market cap is currently 0 GBX.

In addition to Numis reporting its target price, a total of 7 firms have reported on the stock. The consensus target price is 257.38GBX with 2 firms rating the stock a strong buy, 2 firms rating the stock a buy, 2 firms rating the stock a hold, 1 firm rating the stock a underperform, and finally 0 firms rating the stock a sell.

About Cape PLC (LON:CIU)

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. The Company's segments include the United Kingdom, Europe and Commonwealth of Independent States (CIS); Middle East and North Africa (MENA), and Asia Pacific. Its access services include tensioned netting, mobile elevated work platforms, rope access and powered access. It serves various sectors, including oil and gas onshore, oil and gas offshore, power generation, minerals and mining, chemical, steel, marine, pharmaceutical, food industries and other sectors.

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