Capita PLC (LON:CPI) had its price target cut by JPMorgan Chase & Co. from GBX 1,080 ($14.10) to GBX 760 ($9.92) in a research note published on Friday. They currently have a neutral rating on the stock.
Several other analysts also recently weighed in on the company. Peel Hunt restated a hold rating and issued a GBX 979 ($12.78) price target on shares of Capita PLC in a research note on Thursday, September 29th. Goldman Sachs Group Inc. reiterated a sell rating and set a GBX 894 ($11.67) target price on shares of Capita PLC in a research note on Monday, June 27th. BNP Paribas reiterated a neutral rating and set a GBX 950 ($12.40) target price on shares of Capita PLC in a research note on Monday, September 26th. Credit Suisse Group AG downgraded Capita PLC to a neutral rating and cut their target price for the company from GBX 1,250 ($16.32) to GBX 900 ($11.75) in a research note on Tuesday, June 28th. Finally, Barclays PLC cut their target price on Capita PLC from GBX 1,235 ($16.12) to GBX 1,100 ($14.36) and set an equal weight rating on the stock in a research note on Monday, July 25th. Two investment analysts have rated the stock with a sell rating, eight have issued a hold rating and six have assigned a buy rating to the stock. Capita PLC has an average rating of Hold and a consensus price target of GBX 1,022.44 ($13.35).
Shares of Capita PLC (LON:CPI) opened at 655.50 on Friday. Capita PLC has a 1-year low of GBX 652.00 and a 1-year high of GBX 1,306.00. The company’s 50 day moving average price is GBX 965.60 and its 200-day moving average price is GBX 1,001.02. The company’s market capitalization is GBX 4.36 billion.
The business also recently announced a dividend, which will be paid on Wednesday, November 30th. Investors of record on Thursday, October 20th will be issued a GBX 11.10 ($0.14) dividend. The ex-dividend date is Thursday, October 20th. This represents a yield of 1.14%.
In related news, insider Nick Greatorex bought 1,461 shares of the firm’s stock in a transaction that occurred on Friday, September 30th. The shares were bought at an average cost of GBX 679 ($8.86) per share, with a total value of £9,920.19 ($12,948.95). Also, insider Ian Powell bought 2,000 shares of the firm’s stock in a transaction that occurred on Thursday, September 29th. The stock was bought at an average cost of GBX 699 ($9.12) per share, for a total transaction of £13,980 ($18,248.27).
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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