Capital (LON:CAPD) Given “Buy” Rating at Canaccord Genuity Group

Canaccord Genuity Group reaffirmed their buy rating on shares of Capital (LON:CAPD) in a report published on Thursday, MarketBeat Ratings reports. They currently have a GBX 130 ($1.62) target price on the stock.

Capital Stock Performance

CAPD opened at GBX 95.18 ($1.18) on Thursday. The firm has a market capitalization of £184.36 million, a PE ratio of 636.00, a PEG ratio of 0.64 and a beta of 0.61. Capital has a twelve month low of GBX 74 ($0.92) and a twelve month high of GBX 103.50 ($1.29). The firm’s 50-day moving average price is GBX 89.29 and its 200 day moving average price is GBX 84.97. The company has a current ratio of 2.27, a quick ratio of 1.36 and a debt-to-equity ratio of 48.33.

Capital Increases Dividend

The firm also recently declared a dividend, which will be paid on Wednesday, May 15th. Investors of record on Thursday, April 18th will be given a dividend of $0.03 per share. The ex-dividend date of this dividend is Thursday, April 18th. This is a positive change from Capital’s previous dividend of $0.01. This represents a yield of 2.23%. Capital’s payout ratio is presently 2,000.00%.

Capital Company Profile

Capital Limited, together with its subsidiaries, provides various drilling solutions to customers in the minerals industry. It offers exploration drilling services, including air core, reverse circulation, diamond core, deep hole diamond, directional, and underground diamond drilling; mineral geochemical analysis laboratory services; and grade control drilling services, such as advanced/deep grade control, shallow grade control, reverse circulation, and underground diamond drilling.