Capita PLC (CPI) Given Hold Rating at Deutsche Bank AG
Capita PLC (LON:CPI)‘s stock had its “hold” rating reiterated by equities researchers at Deutsche Bank AG in a report released on Thursday. They presently have a GBX 740 ($9.16) price target on the stock. Deutsche Bank AG’s price target would indicate a potential upside of 25.11% from the company’s previous close.
A number of other equities research analysts have also recently commented on the company. Numis Securities Ltd raised Capita PLC to a “buy” rating and decreased their price target for the company from GBX 1,115 ($13.80) to GBX 890 ($11.01) in a report on Friday, September 30th. Credit Suisse Group AG decreased their price target on Capita PLC from GBX 980 ($12.13) to GBX 675 ($8.35) and set a “neutral” rating on the stock in a report on Wednesday, October 5th. Peel Hunt reissued a “hold” rating and set a GBX 979 ($12.12) price target on shares of Capita PLC in a report on Thursday, September 29th. BNP Paribas reissued a “neutral” rating and set a GBX 950 ($11.76) price target on shares of Capita PLC in a report on Monday. Finally, Goldman Sachs Group Inc. reissued a “sell” rating and set a GBX 987 ($12.22) price target on shares of Capita PLC in a report on Thursday, September 8th. Two analysts have rated the stock with a sell rating, nine have given a hold rating and five have given a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus price target of GBX 976.69 ($12.09).
Capita PLC (LON:CPI) opened at 589.85 on Thursday. The firm has a 50-day moving average price of GBX 907.85 and a 200-day moving average price of GBX 986.07. Capita PLC has a 52 week low of GBX 580.10 and a 52 week high of GBX 1,306.00. The company’s market capitalization is GBX 3.92 billion.
The company also recently announced a dividend, which will be paid on Wednesday, November 30th. Stockholders of record on Thursday, October 20th will be issued a GBX 11.10 ($0.14) dividend. The ex-dividend date of this dividend is Thursday, October 20th. This represents a dividend yield of 1.14%.
In related news, insider Nick Greatorex acquired 1,671 shares of Capita PLC stock in a transaction on Monday, October 10th. The shares were bought at an average cost of GBX 594 ($7.35) per share, with a total value of £9,925.74 ($12,284.33). Also, insider Ian Powell acquired 2,000 shares of Capita PLC stock in a transaction on Thursday, September 29th. The shares were bought at an average cost of GBX 699 ($8.65) per share, for a total transaction of £13,980 ($17,301.98).
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.
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