Capita PLC (CPI) Upgraded by Numis Securities Ltd to “Buy”
Numis Securities Ltd upgraded shares of Capita PLC (LON:CPI) to a buy rating in a research report released on Friday morning. The firm currently has GBX 890 ($11.62) price objective on the stock, down from their prior price objective of GBX 1,115 ($14.55).
Several other analysts also recently issued reports on CPI. Peel Hunt cut their price target on Capita PLC from GBX 1,087 ($14.19) to GBX 979 ($12.78) and set a hold rating on the stock in a report on Friday, September 2nd. JPMorgan Chase & Co. reaffirmed a neutral rating and set a GBX 1,080 ($14.10) target price 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 ($15.27) to GBX 1,150 ($15.01) and set a buy rating on the stock in a research note on Wednesday, August 3rd. Shore Capital reaffirmed a hold rating on shares of Capita PLC in a research note on Wednesday, July 27th. Finally, BNP Paribas reaffirmed a neutral rating and set a GBX 950 ($12.40) target price on shares of Capita PLC in a research note on Monday, August 22nd. Two research analysts have rated the stock with a sell rating, eight have given a hold rating and six have assigned a buy rating to the stock. The company has an average rating of Hold and a consensus price target of GBX 1,074.31 ($14.02).
Shares of Capita PLC (LON:CPI) traded down 1.13% during mid-day trading on Friday, hitting GBX 662.42. The stock had a trading volume of 3,174,568 shares. The firm’s market cap is GBX 4.41 billion. The company 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 12-month low of GBX 652.00 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. Stockholders of record on Thursday, October 20th will be issued a dividend of GBX 11.10 ($0.14) per share. The ex-dividend date is Thursday, October 20th. This represents a dividend yield of 1.14%.
In other Capita PLC news, insider Ian Powell purchased 2,000 shares of the stock in a transaction dated Thursday, September 29th. The shares were acquired at an average price of GBX 699 ($9.12) per share, for a total transaction of £13,980 ($18,248.27). Also, insider Nick Greatorex purchased 1,461 shares of the stock in a transaction dated Friday, September 30th. The shares were acquired at an average price of GBX 679 ($8.86) per share, for a total transaction of £9,920.19 ($12,948.95).
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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