Capita PLC (CPI) Given Average Rating of “Hold” by Brokerages
Shares of Capita PLC (LON:CPI) have received an average recommendation of “Hold” from the fifteen brokerages that are covering the stock, MarketBeat reports. Three analysts have rated the stock with a sell recommendation, nine have issued a hold recommendation and three have issued a buy recommendation on the company. The average 12-month price objective among analysts that have issued a report on the stock in the last year is GBX 591.14 ($7.66).
A number of brokerages recently weighed in on CPI. Jefferies Group LLC restated a “buy” rating and set a GBX 750 ($9.72) price objective on shares of Capita PLC in a research report on Monday, June 26th. Numis Securities Ltd reaffirmed a “buy” rating and set a GBX 850 ($11.01) target price on shares of Capita PLC in a report on Monday, June 26th. Citigroup Inc. upped their target price on shares of Capita PLC from GBX 610 ($7.90) to GBX 640 ($8.29) and gave the company a “neutral” rating in a report on Wednesday, July 5th. HSBC Holdings plc raised shares of Capita PLC to a “buy” rating and upped their target price for the company from GBX 590 ($7.64) to GBX 820 ($10.62) in a report on Wednesday, June 21st. Finally, BNP Paribas reaffirmed a “neutral” rating and set a GBX 530 ($6.87) target price on shares of Capita PLC in a report on Wednesday.
Shares of Capita PLC (LON CPI) traded down 1.34% during midday trading on Tuesday, hitting GBX 660.50. 1,548,313 shares of the stock traded hands. Capita PLC has a 52 week low of GBX 431.30 and a 52 week high of GBX 1,066.60. The firm’s market capitalization is GBX 4.40 billion. The company’s 50-day moving average is GBX 608.96 and its 200 day moving average is GBX 552.98.
In other Capita PLC news, insider Ian Powell acquired 3,000 shares of the stock in a transaction on Wednesday, June 28th. The stock was acquired at an average price of GBX 701 ($9.08) per share, for a total transaction of £21,030 ($27,240.93). Also, insider Nick Greatorex acquired 1,800 shares of the stock in a transaction on Wednesday, June 7th. The shares were acquired at an average price of GBX 545 ($7.06) per share, with a total value of £9,810 ($12,707.25). Insiders have purchased 6,325 shares of company stock valued at $4,102,650 over the last ninety days.
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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