Capita PLC (CPI) Rating Reiterated by Shore Capital
Capita PLC (LON:CPI)‘s stock had its “sell” rating reiterated by investment analysts at Shore Capital in a research note issued to investors on Thursday.
Several other equities research analysts have also recently commented on the company. Panmure Gordon cut Capita PLC to a “sell” rating in a research note on Friday, September 30th. Peel Hunt restated a “hold” rating and issued a GBX 979 ($12.23) target price on shares of Capita PLC in a research note on Thursday, September 29th. BNP Paribas restated a “neutral” rating and issued a GBX 950 ($11.87) target price on shares of Capita PLC in a research note on Monday, October 10th. JPMorgan Chase & Co. cut their target price on Capita PLC from GBX 1,080 ($13.49) to GBX 760 ($9.50) and set a “neutral” rating on the stock in a research note on Friday, September 30th. Finally, Credit Suisse Group AG cut their target price on Capita PLC from GBX 980 ($12.24) to GBX 675 ($8.43) and set a “neutral” rating on the stock in a research note on Wednesday, October 5th. Three analysts have rated the stock with a sell rating, eight have assigned a hold rating and five have given a buy rating to the company. The company has an average rating of “Hold” and a consensus target price of GBX 951.69 ($11.89).
Shares of Capita PLC (LON:CPI) opened at 578.0000 on Thursday. The stock has a 50 day moving average of GBX 597.51 and a 200 day moving average of GBX 902.12. Capita PLC has a 52 week low of GBX 547.00 and a 52 week high of GBX 1,291.00. The firm’s market cap is GBX 3.84 billion.
In other news, insider Ian Powell acquired 2,000 shares of the firm’s stock in a transaction on Thursday, September 29th. The shares were 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 acquired 1,461 shares of the firm’s stock in a transaction on Friday, September 30th. The stock was purchased at an average cost of GBX 679 ($8.48) per share, for a total transaction of £9,920.19 ($12,394.04).
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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