Capital & Counties upgraded by Numis

Numis has upgraded its recommendation on Capital & Counties (LON:CAPC) to 'add' from 'hold', which it says is despite limited news in today's statement and reckons the current share price overstates the risks for the property company.

The broker commented: "We may not have any visibility on any discrete catalysts over the next 6-12 months, but solid progress is being made at Covent Garden and Earls Court is moving forward."

Analysts have increased their target price to 307 pence a share (from 273 pence).

At 1:49pm: (LON:CAPC) Capital Counties Properties PLC share price was +11.75p at 276.05p