Capita PLC (CPI) Price Target Cut to GBX 657 by Analysts at Peel Hunt
Capita PLC (LON:CPI) had its target price reduced by Peel Hunt from GBX 979 ($12.12) to GBX 657 ($8.13) in a research report released on Thursday morning. They currently have a hold rating on the stock.
Several other research analysts have also recently issued reports on CPI. JPMorgan Chase & Co. reiterated a neutral rating and issued a GBX 1,080 ($13.37) price objective on shares of Capita PLC in a report on Thursday, July 28th. Deutsche Bank AG decreased their price objective on shares of Capita PLC from GBX 1,170 ($14.48) to GBX 1,150 ($14.23) and set a buy rating for the company in a report on Wednesday, August 3rd. Shore Capital reiterated a hold rating on shares of Capita PLC in a report on Wednesday, July 27th. BNP Paribas reiterated a neutral rating and issued a GBX 950 ($11.76) price objective on shares of Capita PLC in a report on Monday, August 22nd. Finally, Credit Suisse Group AG decreased their price objective on shares of Capita PLC from GBX 980 ($12.13) to GBX 675 ($8.35) and set a neutral rating for the company in a report on Thursday, September 29th. Two investment analysts have rated the stock with a sell rating, nine have issued a hold rating and five have assigned a buy rating to the stock. The stock currently has an average rating of Hold and an average price target of GBX 951.69 ($11.78).
Shares of Capita PLC (LON:CPI) traded up 2.94% on Thursday, hitting GBX 595.00. The company had a trading volume of 1,550,569 shares. Capita PLC has a 12 month low of GBX 572.16 and a 12 month high of GBX 1,306.00. The stock’s market cap is GBX 3.96 billion. The company has a 50-day moving average of GBX 898.72 and a 200 day moving average of GBX 983.69.
The business also recently announced 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. The ex-dividend date is Thursday, October 20th. This represents a yield of 1.14%.
In other Capita PLC news, insider Nick Greatorex purchased 1,671 shares of the business’s stock in a transaction dated Monday, October 10th. The shares were acquired at an average price of GBX 594 ($7.35) per share, for a total transaction of £9,925.74 ($12,284.33). Also, insider Ian Powell purchased 2,000 shares of the business’s stock in a transaction dated Thursday, September 29th. The shares were acquired at an average price of GBX 699 ($8.65) per share, for a total transaction of £13,980 ($17,301.98).
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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