KEEPING CALM MIKE
30 Dec 2014
Re: Numis 64 p tgt Yes better to focus on home ground
forwardloop
29 Dec 2014
Numis 64 p tgt Numis raised its price target for Capital & Regional (CAL) to 64p from 58p after the shopping centre developer said it had exchanged contracts for the sale of its 50/50 German joint-venture with Ares Management to clients and funds under management of Rockspring Property Investment Managers. The deal represents the last major step in C&R's drive to re-focus its business on its portfolio of dominant UK shopping centres and comes ahead of the company’s conversion to a real estate investment trust (REIT) on 31st December. Numis also reiterated its 'buy' stance for the shares, which finished 0.76p ahead at 52.875p
