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Pin to quick picksCapital & Regional Share News (CAL)

Share Price Information for Capital & Regional (CAL)

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Share Price: 61.80
Bid: 61.00
Ask: 62.40
Change: 0.00 (0.00%)
Spread: 1.40 (2.295%)
Open: 61.80
High: 0.00
Low: 0.00
Prev. Close: 61.80
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SMALL-CAP WINNERS & LOSERS: M&A lift for Pendragon, RPS; Superdry down

Mon, 26th Sep 2022 10:56

(Alliance News) - The following stocks are the leading risers and fallers among London Main Market small-caps on Monday.

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SMALL-CAP - WINNERS

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Pendragon PLC, up 18% at 27.00 pence, 12-month range 17.00p-29.00p. The car dealer says it has received a takeover approach from vehicle showrooms operator Hedin Mobility Group AB. Hedin has offered 29p per Pendragon share, giving it an equity valuation of around GBP405 million. Pendragon has a market capitalisation of GBP377.2 million.

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RPS Group PLC, up 12% at 231.11p, 12-month range 83.55p-233.00p. The stock hits this 12-month high on Monday. The professional services firm backs a GBP636 million takeover offer from Tetra Tech Inc and withdraws its recommendation for a bid by Toronto-listed consultancy firm WSP Global Inc. Consultancy and engineering services firm Tetra will pay 222p for each RPS share, a 7.8% premium to the 206p offered by WSP.

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SMALL-CAP - LOSERS

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Capital & Regional PLC, down 8.0% at 53.53p, 12-month range 53.40p-67.00p. The stock falls to a 12-month low on Monday in a negative read across after fellow property investors received price target cuts from Jefferies. British Land Co PLC's price target was cut to 420p from 459p. Derwent London PLC was cut to 3,399p from 3,683p.

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Superdry PLC, down 4.9% at 104.80p, 12-month range 100.40p-330.00p. Retail is one of the sectors that has suffered in morning trade in London, with cost-of-living worries front and centre. Elsewhere, AO World PLC falls 3.5%, Wickes PLC loses 5.5% and Next PLC is 3.4% lower.

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By Eric Cunha; ericcunha@alliancenews.com

Copyright 2022 Alliance News Limited. All Rights Reserved.

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