Credit Suisse Group AG Lowers Capita PLC (CPI) Price Target to GBX 675
Capita PLC (LON:CPI) had its target price reduced by research analysts at Credit Suisse Group AG from GBX 980 ($12.79) to GBX 675 ($8.81) in a report issued on Wednesday. The firm currently has a “neutral” rating on the stock. Credit Suisse Group AG’s price target would indicate a potential upside of 1.28% from the stock’s previous close.
A number of other research firms have also commented on CPI. Numis Securities Ltd upgraded shares of Capita PLC to a “buy” rating and reduced their target price for the stock from GBX 1,115 ($14.55) to GBX 890 ($11.62) in a research report on Friday, September 30th. Peel Hunt reduced their target price on shares of Capita PLC from GBX 1,087 ($14.19) to GBX 979 ($12.78) and set a “hold” rating on the stock in a research report on Friday, September 2nd. Goldman Sachs Group Inc. reiterated a “sell” rating and set a GBX 987 ($12.88) target price on shares of Capita PLC in a research report on Thursday, September 8th. BNP Paribas restated a “neutral” rating and issued a GBX 950 ($12.40) price objective on shares of Capita PLC in a report on Monday, August 22nd. Finally, JPMorgan Chase & Co. restated a “neutral” rating on shares of Capita PLC in a report on Wednesday, September 21st. Two equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating and six have given a buy rating to the company’s stock. Capita PLC currently has an average rating of “Hold” and a consensus price target of GBX 1,022.44 ($13.35).
Shares of Capita PLC (LON:CPI) opened at 666.50 on Wednesday. Capita PLC has a 52 week low of GBX 652.00 and a 52 week high of GBX 1,306.00. The stock’s 50 day moving average price is GBX 975.56 and its 200 day moving average price is GBX 1,003.78. The firm’s market capitalization is GBX 4.43 billion.
The business also recently announced a dividend, which will be paid on Wednesday, November 30th. Stockholders of record on Thursday, October 20th will be paid a dividend of GBX 11.10 ($0.14) per share. This represents a dividend yield of 1.14%. The ex-dividend date of this dividend is Thursday, October 20th.
In other news, insider Ian Powell bought 2,000 shares of the firm’s stock in a transaction on Thursday, September 29th. The shares were purchased at an average cost of GBX 699 ($9.12) per share, with a total value of £13,980 ($18,248.27). Also, insider Nick Greatorex bought 1,461 shares of the firm’s stock in a transaction on Friday, September 30th. The stock was purchased at an average cost of GBX 679 ($8.86) per share, for a total transaction of £9,920.19 ($12,948.95).
Capita PLC Company Profile
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.
Receive News & Stock Ratings for Capita PLC Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Capita PLC and related stocks with our FREE daily email newsletter.