Capita PLC (CPI) Given “Neutral” Rating at BNP Paribas
Several other research firms also recently weighed in on CPI. Panmure Gordon raised shares of Capita PLC to a hold rating and set a GBX 900 ($11.75) price target for the company in a research note on Friday, July 8th. Credit Suisse Group AG downgraded shares of Capita PLC to a neutral rating and decreased their price target for the company from GBX 1,250 ($16.32) to GBX 900 ($11.75) in a research note on Tuesday, June 28th. JPMorgan Chase & Co. decreased their price target 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. Peel Hunt reaffirmed 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. Finally, Deutsche Bank AG reaffirmed a buy rating and issued a GBX 1,170 ($15.27) price target on shares of Capita PLC in a research note on Thursday, July 28th. Two investment analysts have rated the stock with a sell rating, eight have assigned a hold rating and six have given a buy rating to the stock. The company presently has an average rating of Hold and an average target price of GBX 1,022.44 ($13.35).
Capita PLC (LON:CPI) traded up 0.82% on Monday, reaching GBX 673.50. 2,622,077 shares of the company’s stock traded hands. The company’s 50 day moving average is GBX 986.24 and its 200-day moving average is 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 stock’s market cap is GBX 4.48 billion.
The company also recently declared a dividend, which will be paid on Wednesday, November 30th. Investors of record on Thursday, October 20th will be issued a dividend of GBX 11.10 ($0.14) per share. This represents a yield of 1.14%. The ex-dividend date of this dividend is Thursday, October 20th.
In related news, insider Nick Greatorex bought 1,461 shares of the company’s stock in a transaction on 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 bought 2,000 shares of the company’s stock in a transaction on 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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