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Capital & Regional Information
Share Price Information for Capital & Regional (CAL)
Share Price is delayed by 15 minutes
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Share Price:
60.00
Bid:
59.20
Ask:
60.80
Change:
0.00 (0.00%)
Spread:
1.60 (2.703%)
Open:
60.60
High:
60.80
Low:
60.00
Prev. Close:
60.00
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Don't have an account? Click here to register.Capital & Regional faces tough conditions but still a 'buy' for Berenberg
Mon, 18th Mar 2019 14:37
(Sharecast News) - Berenberg has reduced its price target on Capital & Regional but insisted the property group remained a buying opportunity, despite the challenging conditions surrounding shopping centres.The bank said: "We still see strength in Capital & Regional's business model, assets and management, but concede that the negative sentiment on the sustainability of physical retail, e-commerce and retailer failure is likely to persist for now."We think the market will continue to polarise, as dominant, well-invested shopping centres - the places were retailers need to be and shoppers want to shop - continue to take share in a declining market, with performance reflected in persistently high footfall and occupancy."With sector-leading metrics, Capital & Regional's assets remain both well invested and dominant. As such, we still think the current environment, driven by negative sentiment, resulting in transient valuation and net asset value impacts, to the disregard of operational performance, represents a significant buying opportunity given material headroom to debt covenants."Analysts at the bank reiterated their 'buy' rating but reduce the target price to 45p.Last week, shares in Capital & Regional fell after the real estate investment trust, which specialises in in-town shopping centres, reported full-year numbers. Net rental income rose 0.6% to £51.9m, while adjusted earnings per share rose 3.2%. The company conceded that the UK market was "challenging".Berenberg said the results were "disappointing", and has reduced its forecasts for EPS by 9% and NAV by 11%, "in line with wider sector pressures".But it added: "However, with a strong management team, continued operational strength, significant relative debt covenant headroom and quality asset portfolio, we continue to see value."
More News
6 Aug 2018 08:13
Capital & Regional FD Staveley to step down
(Sharecast News) - Real estate investment trust Capital & Regional said on Monday that finance director Charles Staveley will step down from the board on 15 August and leave the company later in the year to pursue other business interests.
Read more2 May 2018 16:07
UK Shareholder Meetings Calendar - Next 7 Days
Thursday 3 MayJames Fisher & SonsSavannah PetroleumTrinity MirrorEquiniti (re of
Read more13 Mar 2018 07:06
EUROPE RESEARCH ROUNDUP-Capital & Counties Properties, Inmarsat, Norsk Hydro
March 13 (Reuters) - Securities analysts revised their ratings and price targets on several European companies, including Capital & Counties Properties, Inmarsat and Norsk Hydro, on Tuesday. * :
Read more12 Mar 2018 15:31
DIRECTOR DEALINGS: Capital & Regional Chairman Buys, Sells Shares
LONDON (Alliance News) - Capital & Regional PLC said on Monday Chairman Hugh Scott-Barrett bought and sold shares in the property real estate investment trust in last at
Read more8 Mar 2018 05:38
UK Stocks-Factors to watch on March 8
March 8 (Reuters) - Britain's FTSE 100 index is seen opening flat on Thursday, according to financial bookmakers. * UK-RECRUITERS: British recruiters a
Read more4 Jan 2017 14:02
Capital & Regional refinances mall property debt
(ShareCast News) - Capital & Regional has refinanced the debt on its five wholly-owned shopping malls with £372.5m of new debt facilities with three lenders to cut its blended interest rate to 3.27% from 3.52%. The three new facilities were a £165m 10-year loan with Teachers Insurance and Annuity As
Read more9 Dec 2016 09:15
Capital & Regional signs leases on two BHS spaces
(ShareCast News) - UK-focused specialist property real estate investment trust Capital & Regional announced on Friday that it exchanged two long-term leases for its former BHS units at The Mall Blackburn and The Mall Walthamstow, bringing new occupiers Wilko and the The Gym Group into the schemes an
Read more9 Dec 2016 08:53
HSBC upgrades Capital & Regional to 'buy'
(ShareCast News) - HSBC has upgraded Capital & Regional, a British manager of shopping centres, to 'buy' from 'hold' but lowered its price target to 66p from 69p. The company's recent disposal of the Camberley shopping centre and refinancing has reduced the bank's equity valuation by £14.5m, equival
Read more19 Aug 2016 13:47
Directors dealings: Capital & Regional boss buys-in after interims
(ShareCast News) - Capital & Regional's boss Hugh Scott-Barrett bought into the company's shares on the same day that it published its latest interims. On 18 August, the UK-focused specialist REIT unveiled a 16% jump in operating profits for the six-month stretch running up to 30 June to £13.7m, in
Read more18 Aug 2016 09:43
Thursday broker round-up
(ShareCast News) - Admiral Group: RBC reiterates underperform with a target price of 1600p. Laird: Berenberg maintains sell with a 230p target. BGEO Group: UBS reiterates neutral with a 2960p target. ICAP: Exane BNP Paribas upgrades to outperform with a 510p target. Poundland: Credit Suisse keeps
Read more11 Aug 2016 15:03
18 Jul 2016 13:20
Monday broker round-up
(ShareCast News) - Experian: Barclays reiterates overweight with a target price of 1,550p. Rentokil: HSBC upgrades to hold with a 190p target. Card Factory: UBS reiterates buy with a 295p target. Capital & Regional: HSBC starts coverage at buy with a 61p target. Unilever: Goldman Sachs reiterates
Read more13 Jul 2016 12:50
Capital & Regional portfolio mostly ahead in first half
(ShareCast News) - Specialist property real estate investment trust Capital & Regional updated the market on its trading in the first half of 2016 on Wednesday, ahead of its half-year results announcement on 18 August. The London-listed firm said contracted rent was £63.6m as at 30 June, up 9.5% fro
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