Capita PLC (CPI) Earns “Neutral” Rating from BNP Paribas
Capita PLC (LON:CPI)‘s stock had its “neutral” rating reaffirmed by stock analysts at BNP Paribas in a research report issued to clients and investors on Monday. They currently have a GBX 950 ($12.40) target price on the stock. BNP Paribas’ target price indicates a potential upside of 59.26% from the company’s previous close.
CPI has been the subject of a number of other research reports. Numis Securities Ltd raised Capita PLC to a “buy” rating and decreased their price objective for the stock from GBX 1,115 ($14.55) to GBX 890 ($11.62) in a research note on Friday, September 30th. Credit Suisse Group AG decreased their price objective on Capita PLC from GBX 980 ($12.79) to GBX 675 ($8.81) and set a “neutral” rating for the company in a research note on Wednesday, October 5th. Peel Hunt reaffirmed a “hold” rating and set a GBX 979 ($12.78) price objective on shares of Capita PLC in a research note on Thursday, September 29th. Goldman Sachs Group Inc. reaffirmed a “sell” rating and set a GBX 987 ($12.88) price objective on shares of Capita PLC in a research note on Thursday, September 8th. Finally, JPMorgan Chase & Co. reaffirmed a “neutral” rating on shares of Capita PLC in a research note on Wednesday, September 21st. Two research analysts have rated the stock with a sell rating, seven have assigned a hold rating and six have issued a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus target price of GBX 1,022.44 ($13.35).
Capita PLC (LON:CPI) traded down 0.66% during midday trading on Monday, hitting GBX 599.50. The stock had a trading volume of 3,185,187 shares. The stock has a 50-day moving average of GBX 943.82 and a 200-day moving average of GBX 995.66. Capita PLC has a 52 week low of GBX 592.00 and a 52 week high of GBX 1,306.00. The firm’s market cap is GBX 3.99 billion.
The firm also recently announced 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 bought 2,000 shares of the firm’s stock in a transaction on Thursday, September 29th. The stock was 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 acquired at an average cost 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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