Capita PLC (CPI) Stock Rating Reaffirmed by JPMorgan Chase & Co.
Capita PLC (LON:CPI)‘s stock had its “neutral” rating reissued by stock analysts at JPMorgan Chase & Co. in a research note issued to investors on Friday. They presently have a GBX 760 ($9.50) price target on the stock. JPMorgan Chase & Co.’s price objective would suggest a potential upside of 32.52% from the stock’s previous close.
CPI has been the topic of several other research reports. Numis Securities Ltd raised Capita PLC to a “buy” rating and reduced their price objective for the stock from GBX 1,115 ($13.93) to GBX 890 ($11.12) in a report on Friday, September 30th. Credit Suisse Group AG reduced their price objective on Capita PLC from GBX 980 ($12.24) to GBX 675 ($8.43) and set a “neutral” rating on the stock in a report on Wednesday, October 5th. BNP Paribas reaffirmed a “neutral” rating and set a GBX 950 ($11.87) price objective on shares of Capita PLC in a report on Monday, October 17th. Peel Hunt reaffirmed a “hold” rating and set a GBX 979 ($12.23) price objective on shares of Capita PLC in a report on Thursday, September 29th. Finally, Goldman Sachs Group Inc. reaffirmed a “sell” rating and set a GBX 987 ($12.33) price objective on shares of Capita PLC in a report on Thursday, September 8th. Two investment analysts have rated the stock with a sell rating, nine have given a hold rating and five have given a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus price target of GBX 951.69 ($11.89).
Shares of Capita PLC (LON:CPI) opened at 575.7666 on Friday. The stock has a 50 day moving average price of GBX 632.74 and a 200 day moving average price of GBX 914.41. Capita PLC has a 12 month low of GBX 547.00 and a 12 month high of GBX 1,291.00. The firm’s market cap is GBX 3.83 billion.
In related news, insider Ian Powell bought 2,000 shares of Capita PLC stock in a transaction that occurred on Thursday, September 29th. The stock was purchased at an average cost of GBX 699 ($8.73) per share, with a total value of £13,980 ($17,466.27). Also, insider Nick Greatorex bought 1,671 shares of Capita PLC stock in a transaction that occurred on Monday, October 10th. The stock was bought at an average cost of GBX 594 ($7.42) per share, with a total value of £9,925.74 ($12,400.97).
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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