Capita PLC (CPI) Cut to “Sell” at Panmure Gordon
Capita PLC (LON:CPI) was downgraded by equities researchers at Panmure Gordon to a “sell” rating in a research note issued on Friday.
Several other equities analysts have also recently weighed in on CPI. Peel Hunt dropped their price objective on Capita PLC from GBX 1,087 ($14.19) to GBX 979 ($12.78) and set a “hold” rating for the company in a report on Friday, September 2nd. JPMorgan Chase & Co. reaffirmed a “neutral” rating and issued a GBX 1,080 ($14.10) price objective on shares of Capita PLC in a report on Thursday, July 28th. Deutsche Bank AG dropped their price objective on Capita PLC from GBX 1,170 ($15.27) to GBX 1,150 ($15.01) and set a “buy” rating for the company in a report on Wednesday, August 3rd. Shore Capital reaffirmed a “hold” rating on shares of Capita PLC in a report on Wednesday, July 27th. Finally, BNP Paribas reaffirmed a “neutral” rating and issued a GBX 950 ($12.40) price objective on shares of Capita PLC in a report on Monday, August 22nd. Two investment analysts have rated the stock with a sell rating, eight have given a hold rating and six have given a buy rating to the company. The stock currently has an average rating of “Hold” and an average price target of GBX 1,074.31 ($14.02).
Capita PLC (LON:CPI) opened at 668.7594 on Friday. The firm’s market cap is GBX 4.45 billion. The firm has a 50-day moving average price of GBX 995.61 and a 200 day moving average price of GBX 1,009.99. Capita PLC has a 1-year low of GBX 652.00 and a 1-year high of GBX 1,306.00.
The firm also recently disclosed a dividend, which will be paid on Wednesday, November 30th. Stockholders of record on Thursday, October 20th will be paid a GBX 11.10 ($0.14) dividend. This represents a dividend yield of 1.14%. The ex-dividend date is Thursday, October 20th.
In other Capita PLC news, insider Nick Greatorex acquired 1,461 shares of the company’s stock in a transaction dated 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 acquired 2,000 shares of the company’s stock in a transaction dated Thursday, September 29th. The stock was acquired 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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