JPMorgan Chase & Co. Lowers Capita PLC (CPI) Price Target to GBX 760
Capita PLC (LON:CPI) had its target price reduced by equities research analysts at JPMorgan Chase & Co. from GBX 1,080 ($14.10) to GBX 760 ($9.92) in a report issued on Friday. The brokerage currently has a “neutral” rating on the stock. JPMorgan Chase & Co.’s target price indicates a potential upside of 8.88% from the stock’s previous close.
Several other equities research analysts have also recently issued reports on CPI. BNP Paribas restated an “underperform” rating and set a GBX 1,050 ($13.71) price objective on shares of Capita PLC in a report on Monday, June 13th. Peel Hunt restated a “hold” rating and set a GBX 1,087 ($14.19) price objective on shares of Capita PLC in a report on Tuesday, June 21st. Goldman Sachs Group Inc. restated a “sell” rating and set a GBX 894 ($11.67) price objective on shares of Capita PLC in a report on Monday, June 27th. Credit Suisse Group AG cut Capita PLC to a “neutral” rating and decreased their price objective for the stock from GBX 1,250 ($16.32) to GBX 900 ($11.75) in a report on Tuesday, June 28th. Finally, Deutsche Bank AG decreased their price objective on Capita PLC from GBX 1,250 ($16.32) to GBX 1,170 ($15.27) and set a “buy” rating on the stock in a report on Wednesday, June 29th. One research analyst has rated the stock with a sell rating, ten have issued a hold rating and five have given a buy rating to the company. The stock currently has an average rating of “Hold” and an average price target of GBX 1,088.38 ($14.21).
Shares of Capita PLC (LON:CPI) opened at 698.00 on Friday. The firm’s 50-day moving average price is GBX 1,002.99 and its 200 day moving average price is GBX 1,012.10. Capita PLC has a one year low of GBX 653.66 and a one year high of GBX 1,306.00. The stock’s market cap is GBX 4.64 billion.
The firm also recently announced a dividend, which will be paid on Wednesday, November 30th. Stockholders of record on Thursday, October 20th will be given 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 bought 2,000 shares of the company’s stock in a transaction dated Thursday, September 29th. The shares were acquired at an average cost of GBX 699 ($9.12) per share, with a total value 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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