Berenberg Bank began coverage on shares of Capital & Regional (LON:CAL) in a research note issued to investors on Wednesday, August 29th. The brokerage set a “buy” rating and a GBX 60 ($0.77) price target on the real estate investment trust’s stock. Berenberg Bank’s price target indicates a potential upside of 34.38% from the company’s current price.
A number of other equities research analysts also recently issued reports on CAL. Peel Hunt assumed coverage on Capital & Regional in a research report on Tuesday, August 28th. They set a “hold” rating and a GBX 54 ($0.70) price objective on the stock. Numis Securities restated a “buy” rating on shares of Capital & Regional in a research report on Tuesday, July 17th.
LON:CAL traded down GBX 0.25 ($0.00) during mid-day trading on Wednesday, reaching GBX 44.65 ($0.58). 326,385 shares of the company were exchanged, compared to its average volume of 1,180,000. Capital & Regional has a 12 month low of GBX 50 ($0.64) and a 12 month high of GBX 62.77 ($0.81).
In other Capital & Regional news, insider Hugh Scott-Barrett purchased 225,324 shares of Capital & Regional stock in a transaction dated Wednesday, August 15th. The shares were purchased at an average cost of GBX 47 ($0.61) per share, for a total transaction of £105,902.28 ($136,612.85).
Capital & Regional Company Profile
Capital & Regional is a UK focused retail property REIT specialising in shopping centres that dominate their catchment, serving the non-discretionary and value orientated needs of their local communities. It has a strong track record of delivering value enhancing retail and leisure asset management opportunities across a c.
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