Peel Hunt Reiterates Buy Rating for Capital Drilling (LON:CAPD)

Peel Hunt reiterated their buy rating on shares of Capital Drilling (LON:CAPD) in a research report released on Tuesday morning, LSE.Co.UK reports. The firm currently has a GBX 76 ($0.99) target price on the stock.

Separately, Peel Hunt reaffirmed a buy rating and set a GBX 76 ($0.99) price target on shares of Capital Drilling in a research report on Tuesday.

Shares of LON:CAPD opened at GBX 62.90 ($0.82) on Tuesday. The company has a market capitalization of $85.70 million and a PE ratio of 8.50. The company has a debt-to-equity ratio of 9.50, a current ratio of 3.07 and a quick ratio of 1.79. The business has a fifty day moving average price of GBX 60.79 and a two-hundred day moving average price of GBX 53.04. Capital Drilling has a 1 year low of GBX 33.50 ($0.44) and a 1 year high of GBX 66.99 ($0.88).

The company also recently declared a dividend, which was paid on Friday, September 27th. Stockholders of record on Thursday, September 5th were given a dividend of $0.01 per share. The ex-dividend date was Thursday, September 5th. This represents a dividend yield of 1.01%. Capital Drilling’s dividend payout ratio is presently 0.27%.

About Capital Drilling

Capital Drilling Limited, together with its subsidiaries, provides exploration and production drilling solutions to customers in the minerals industry. Its exploration drilling services include air core, deep hole diamond, diamond core, directional, reverse circulation, and underground diamond drilling; and grade control drilling services comprise advanced/deep grade control, shallow grade control, reverse circulation, and underground diamond drilling.

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