Jefferies Group Lowers Capita PLC (CPI) Price Target to GBX 815
Capita PLC (LON:CPI) had its price target dropped by investment analysts at Jefferies Group from GBX 1,340 ($17.49) to GBX 815 ($10.64) in a research note issued on Tuesday. The firm currently has a “buy” rating on the stock. Jefferies Group’s price objective would indicate a potential upside of 22.01% from the stock’s previous close.
CPI has been the topic of a number of other reports. BNP Paribas reissued a “neutral” rating and issued a GBX 950 ($12.40) price target on shares of Capita PLC in a research report on Monday, July 11th. Peel Hunt reaffirmed a “hold” rating and issued a GBX 1,087 ($14.19) price objective on shares of Capita PLC in a research report on Tuesday, June 21st. Goldman Sachs Group Inc. reaffirmed a “sell” rating and issued a GBX 987 ($12.88) price objective on shares of Capita PLC in a research report on Thursday, September 8th. Numis Securities Ltd raised Capita PLC to a “buy” rating and lowered their price objective for the company from GBX 1,115 ($14.55) to GBX 890 ($11.62) in a research report on Friday. Finally, Deutsche Bank AG lowered their price objective 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 report on Wednesday, August 3rd. Two equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating and six have issued a buy rating to the stock. Capita PLC currently has a consensus rating of “Hold” and an average target price of GBX 1,041.50 ($13.59).
Capita PLC (LON:CPI) opened at 668.00 on Tuesday. Capita PLC has a 12 month low of GBX 652.00 and a 12 month high of GBX 1,306.00. The stock’s market capitalization is GBX 4.44 billion. The stock has a 50 day moving average price of GBX 986.24 and a 200 day moving average price of GBX 1,006.81.
The firm also recently declared a dividend, which will be paid on Wednesday, November 30th. Shareholders of record on Thursday, October 20th will be paid a GBX 11.10 ($0.14) dividend. The ex-dividend date is Thursday, October 20th. This represents a yield of 1.14%.
In other Capita PLC news, insider Ian Powell purchased 2,000 shares of the business’s stock in a transaction on Thursday, September 29th. The stock was 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 business’s stock in a transaction on Friday, September 30th. The stock was acquired at an average price of GBX 679 ($8.86) per share, with a total value 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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