Capita PLC (LON:CPI) had its price objective reduced by analysts at Jefferies Group from GBX 1,340 ($17.49) to GBX 815 ($10.64) in a research note issued to investors on Tuesday. The brokerage currently has a “buy” rating on the stock. Jefferies Group’s price objective suggests a potential upside of 22.01% from the company’s current price.
Other analysts have also recently issued research reports about the stock. Peel Hunt reissued a “hold” rating and set a GBX 979 ($12.78) target price on shares of Capita PLC in a research note on Thursday, September 29th. Panmure Gordon cut shares of Capita PLC to a “sell” rating in a research note on Friday. Goldman Sachs Group Inc. reissued 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. JPMorgan Chase & Co. cut their target price on shares of Capita PLC from GBX 1,080 ($14.10) to GBX 760 ($9.92) and set a “neutral” rating for the company in a research note on Friday. Finally, BNP Paribas reissued 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. Two research analysts have rated the stock with a sell rating, eight have issued a hold rating and six have assigned a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus target price of GBX 1,041.50 ($13.59).
Shares of Capita PLC (LON:CPI) opened at 668.00 on Tuesday. The firm has a 50-day moving average of GBX 986.24 and a 200 day moving average of GBX 1,006.81. Capita PLC has a 52 week low of GBX 652.00 and a 52 week high of GBX 1,306.00. The company’s market cap is GBX 4.44 billion.
The business also recently disclosed a dividend, which will be paid on Wednesday, November 30th. Stockholders 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 dividend yield of 1.14%.
In related news, insider Nick Greatorex acquired 1,461 shares of the firm’s stock in a transaction dated Friday, September 30th. The shares were purchased at an average cost of GBX 679 ($8.86) per share, for a total transaction of £9,920.19 ($12,948.95). Also, insider Ian Powell acquired 2,000 shares of the firm’s stock in a transaction dated Thursday, September 29th. The stock was bought at an average price 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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