Capita PLC (CPI) Receives “Neutral” Rating from BNP Paribas
Capita PLC (LON:CPI)‘s stock had its “neutral” rating restated by equities researchers at BNP Paribas in a report released on Wednesday, July 12th. They currently have a GBX 530 ($6.90) price target on the stock. BNP Paribas’ target price would suggest a potential downside of 17.83% from the stock’s current price.
Several other equities analysts have also recently issued reports on CPI. Jefferies Group LLC reaffirmed a “buy” rating and issued a GBX 750 ($9.77) price objective on shares of Capita PLC in a research report on Monday, June 26th. Numis Securities Ltd reaffirmed a “buy” rating and issued a GBX 850 ($11.07) price objective on shares of Capita PLC in a research report on Monday, June 26th. Citigroup Inc. upped their price objective on Capita PLC from GBX 610 ($7.94) to GBX 640 ($8.33) and gave the company a “neutral” rating in a research report on Wednesday, July 5th. HSBC Holdings plc raised Capita PLC to a “buy” rating and upped their price objective for the company from GBX 590 ($7.68) to GBX 820 ($10.68) in a research report on Wednesday, June 21st. Finally, J P Morgan Chase & Co reiterated a “neutral” rating and set a GBX 510 ($6.64) target price on shares of Capita PLC in a research note on Wednesday, June 14th. Three research analysts have rated the stock with a sell rating, nine have given a hold rating and three have issued a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average price target of GBX 586 ($7.63).
Shares of Capita PLC (LON CPI) traded down 1.83% during mid-day trading on Wednesday, hitting GBX 645.00. The stock had a trading volume of 1,421,569 shares. Capita PLC has a 1-year low of GBX 431.30 and a 1-year high of GBX 1,066.60. The company’s market capitalization is GBX 4.29 billion. The stock’s 50-day moving average price is GBX 672.13 and its 200 day moving average price is GBX 586.70.
In other Capita PLC news, insider Ian Powell purchased 3,000 shares of the stock in a transaction that occurred on Wednesday, June 28th. The stock was purchased at an average price of GBX 701 ($9.13) per share, with a total value of £21,030 ($27,386.38). Also, insider Nick Greatorex purchased 1,500 shares of the stock in a transaction that occurred on Tuesday, June 20th. The stock was acquired at an average cost of GBX 668 ($8.70) per share, with a total value of £10,020 ($13,048.57). Insiders have acquired a total of 6,350 shares of company stock valued at $4,119,425 in the last three months.
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.
Receive News & Stock Ratings for Capita PLC Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Capita PLC and related stocks with our FREE daily email newsletter.