Capita PLC (LON:CPI) had its price objective lowered by equities researchers at Peel Hunt from GBX 979 ($12.12) to GBX 657 ($8.13) in a research report issued on Thursday. The brokerage presently has a “hold” rating on the stock. Peel Hunt’s target price would indicate a potential upside of 11.26% from the stock’s previous close.
Several other analysts also recently commented on CPI. JPMorgan Chase & Co. reaffirmed a “neutral” rating and set a GBX 1,080 ($13.37) price objective on shares of Capita PLC in a research note on Thursday, July 28th. Deutsche Bank AG cut their target price on Capita PLC from GBX 1,170 ($14.48) to GBX 1,150 ($14.23) and set a “buy” rating for the company in a research note on Wednesday, August 3rd. Shore Capital reissued a “hold” rating on shares of Capita PLC in a research note on Wednesday, July 27th. BNP Paribas reissued a “neutral” rating and set a GBX 950 ($11.76) target price on shares of Capita PLC in a research note on Monday, August 22nd. Finally, Credit Suisse Group AG cut their target price on Capita PLC from GBX 980 ($12.13) to GBX 675 ($8.35) and set a “neutral” rating for the company in a research note on Thursday, September 29th. Two analysts have rated the stock with a sell rating, nine have assigned a hold rating and five have issued a buy rating to the company’s stock. Capita PLC currently has a consensus rating of “Hold” and a consensus price target of GBX 951.69 ($11.78).
Capita PLC (LON:CPI) opened at 596.00 on Thursday. The stock’s market cap is GBX 3.96 billion. The company’s 50-day moving average price is GBX 886.00 and its 200-day moving average price is GBX 980.98. Capita PLC has a 12 month low of GBX 572.16 and a 12 month high of GBX 1,306.00.
The firm also recently declared a dividend, which will be paid on Wednesday, November 30th. Shareholders of record on Thursday, October 20th will be paid a dividend of GBX 11.10 ($0.14) per share. This represents a dividend yield of 1.14%. The ex-dividend date is Thursday, October 20th.
In other Capita PLC news, insider Ian Powell purchased 2,000 shares of Capita PLC stock in a transaction on Thursday, September 29th. The shares were bought at an average price of GBX 699 ($8.65) per share, with a total value of £13,980 ($17,301.98). Also, insider Nick Greatorex purchased 1,671 shares of Capita PLC stock in a transaction on Monday, October 10th. The shares were acquired at an average cost of GBX 594 ($7.35) per share, for a total transaction of £9,925.74 ($12,284.33).
About Capita PLC
Capita PLC is a United Kingdom-based company, which creates and delivers services in business process management. The Company’s segments include Digital & Software Solutions, Integrated Services, Local Government, Property & Health, Workplace Services, IT Enterprise Services, Asset Services, Customer Management, Capita Europe and Insurance & Benefits Services.
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