Capita PLC (CPI) Rating Reiterated by BNP Paribas
Capita PLC (LON:CPI)‘s stock had its “neutral” rating reaffirmed by equities researchers at BNP Paribas in a report issued on Monday. They presently have a GBX 950 ($11.58) price objective on the stock. BNP Paribas’ target price suggests a potential upside of 57.55% from the company’s current price.
A number of other equities analysts also recently issued reports on CPI. Peel Hunt reduced their price target on Capita PLC from GBX 1,087 ($13.25) to GBX 979 ($11.93) and set a “hold” rating on the stock in a research report on Friday, September 2nd. JPMorgan Chase & Co. reaffirmed a “neutral” rating and set a GBX 1,080 ($13.16) price target on shares of Capita PLC in a research report on Thursday, July 28th. Deutsche Bank AG reduced their price target on Capita PLC from GBX 1,170 ($14.26) to GBX 1,150 ($14.02) and set a “buy” rating on the stock in a research report on Wednesday, August 3rd. Shore Capital reaffirmed a “hold” rating on shares of Capita PLC in a research report on Wednesday, July 27th. Finally, Credit Suisse Group AG reduced their price target on Capita PLC from GBX 980 ($11.94) to GBX 675 ($8.23) and set a “neutral” rating on the stock in a research 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 issued a buy rating to the company’s stock. Capita PLC presently has a consensus rating of “Hold” and an average price target of GBX 951.69 ($11.60).
Capita PLC (LON:CPI) opened at 614.50 on Monday. The stock’s market capitalization is GBX 4.09 billion. The stock has a 50 day moving average price of GBX 861.50 and a 200 day moving average price of GBX 973.87. Capita PLC has a 12 month low of GBX 572.16 and a 12 month high of GBX 1,306.00.
The company 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 stock in a transaction dated Thursday, September 29th. The shares were acquired at an average cost of GBX 699 ($8.52) per share, with a total value of £13,980 ($17,038.39). Also, insider Nick Greatorex bought 1,671 shares of the stock in a transaction dated Monday, October 10th. The shares were purchased at an average cost of GBX 594 ($7.24) per share, for a total transaction of £9,925.74 ($12,097.18).
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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