Capita PLC (CPI) Given New GBX 600 Price Target at Royal Bank Of Canada
Capita PLC (LON:CPI) had its price target reduced by Royal Bank Of Canada from GBX 700 ($8.66) to GBX 600 ($7.43) in a research note released on Thursday. They currently have a sector perform rating on the stock.
Several other equities analysts have also commented on the company. Deutsche Bank AG reissued a hold rating and set a GBX 740 ($9.16) price objective on shares of Capita PLC in a research report on Thursday. Peel Hunt lowered their price target on Capita PLC from GBX 979 ($12.12) to GBX 657 ($8.13) and set a hold rating for the company in a research report on Thursday. BNP Paribas reaffirmed a neutral rating and issued a GBX 950 ($11.76) price target on shares of Capita PLC in a research report on Monday. Credit Suisse Group AG lowered their price target on Capita PLC from GBX 980 ($12.13) to GBX 675 ($8.35) and set a neutral rating for the company in a research report on Wednesday, October 5th. Finally, Jefferies Group lowered their price target on Capita PLC from GBX 1,340 ($16.58) to GBX 815 ($10.09) and set a buy rating for the company in a research report on Tuesday, October 4th. Two analysts have rated the stock with a sell rating, nine have issued a hold rating and five have given a buy rating to the stock. The company presently has an average rating of Hold and a consensus target price of GBX 951.69 ($11.78).
Shares of Capita PLC (LON:CPI) traded up 2.77% during midday trading on Thursday, hitting GBX 594.00. 1,789,784 shares of the company traded hands. The stock has a 50 day moving average of GBX 898.72 and a 200-day moving average of GBX 983.69. The stock’s market capitalization is GBX 3.95 billion. Capita PLC has a 52 week low of GBX 572.16 and a 52 week high of GBX 1,306.00.
The firm also recently disclosed a dividend, which will be paid on Wednesday, November 30th. Shareholders of record on Thursday, October 20th will be given a GBX 11.10 ($0.14) dividend. This represents a yield of 1.14%. The ex-dividend date of this dividend is Thursday, October 20th.
In other Capita PLC news, insider Ian Powell acquired 2,000 shares of the business’s stock in a transaction on Thursday, September 29th. The shares were bought at an average price of GBX 699 ($8.65) per share, with a total value of £13,980 ($17,301.98). Also, insider Nick Greatorex acquired 1,461 shares of the business’s stock in a transaction on Friday, September 30th. The stock was acquired at an average cost of GBX 679 ($8.40) per share, for a total transaction of £9,920.19 ($12,277.46).
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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