Capita PLC (CPI) Rating Reiterated by BNP Paribas
Capita PLC (LON:CPI)‘s stock had its “neutral” rating reissued by investment analysts at BNP Paribas in a research report issued on Monday. They presently have a GBX 950 ($11.87) target price on the stock. BNP Paribas’ target price suggests a potential upside of 64.22% from the stock’s current price.
Several other brokerages have also issued reports on CPI. JPMorgan Chase & Co. cut their price objective on Capita PLC from GBX 1,080 ($13.49) to GBX 760 ($9.50) and set a “neutral” rating for the company in a report on Friday, September 30th. Credit Suisse Group AG cut their price objective on Capita PLC from GBX 980 ($12.24) to GBX 675 ($8.43) and set a “neutral” rating for the company in a report on Wednesday, October 5th. Peel Hunt restated a “hold” rating and set a GBX 979 ($12.23) target price on shares of Capita PLC in a report on Thursday, September 29th. Royal Bank Of Canada cut their target price on Capita PLC from GBX 700 ($8.75) to GBX 600 ($7.50) and set a “sector perform” rating on the stock in a report on Thursday, October 13th. Finally, Deutsche Bank AG restated a “buy” rating and set a GBX 1,170 ($14.62) target price on shares of Capita PLC in a report on Thursday, July 28th. Three investment 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’s stock. The company has a consensus rating of “Hold” and a consensus price target of GBX 951.69 ($11.89).
Capita PLC (LON:CPI) opened at 580.00 on Monday. The company’s market cap is GBX 3.86 billion. Capita PLC has a 12-month low of GBX 547.00 and a 12-month high of GBX 1,291.00. The firm’s 50-day moving average price is GBX 594.38 and its 200-day moving average price is GBX 895.59.
In related news, insider Nick Greatorex acquired 1,671 shares of the firm’s stock in a transaction on Monday, October 10th. The shares were bought at an average cost of GBX 594 ($7.42) per share, with a total value of £9,925.74 ($12,400.97). Also, insider Ian Powell acquired 2,000 shares of the firm’s stock in a transaction on Thursday, September 29th. The shares were bought at an average cost of GBX 699 ($8.73) per share, for a total transaction of £13,980 ($17,466.27).
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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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