Capita PLC (CPI) Given New GBX 600 Price Target at Peel Hunt
Capita PLC (LON:CPI) had its price objective increased by Peel Hunt from GBX 466 ($6.02) to GBX 600 ($7.75) in a research note published on Thursday morning. Peel Hunt currently has a reduce rating on the stock.
CPI has been the topic of several other research reports. Shore Capital reissued a sell rating on shares of Capita PLC in a report on Friday, June 9th. HSBC Holdings plc raised Capita PLC to a buy rating and upped their target price for the company from GBX 590 ($7.62) to GBX 820 ($10.59) in a report on Wednesday, June 21st. Numis Securities Ltd reissued a buy rating and issued a GBX 850 ($10.98) target price on shares of Capita PLC in a report on Monday, June 26th. BNP Paribas reaffirmed a neutral rating and set a GBX 530 ($6.84) price objective on shares of Capita PLC in a research note on Wednesday, July 12th. Finally, Citigroup Inc. increased their price objective on Capita PLC from GBX 610 ($7.88) to GBX 640 ($8.27) and gave the company a neutral rating in a research note on Wednesday, July 5th. Three analysts have rated the stock with a sell rating, nine have assigned a hold rating and three have given a buy rating to the company. The company currently has an average rating of Hold and a consensus target price of GBX 594.93 ($7.68).
Shares of Capita PLC (LON:CPI) traded up 0.16% during midday trading on Thursday, hitting GBX 629.50. 1,249,906 shares of the stock were exchanged. The firm has a 50 day moving average of GBX 655.81 and a 200-day moving average of GBX 605.25. Capita PLC has a one year low of GBX 431.30 and a one year high of GBX 1,052.00. The company’s market cap is GBX 4.19 billion.
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In other news, insider Nick Greatorex acquired 1,500 shares of the business’s stock in a transaction dated Tuesday, June 20th. The shares were bought at an average cost of GBX 668 ($8.63) per share, for a total transaction of £10,020 ($12,940.72). Also, insider Ian Powell acquired 3,000 shares of the business’s stock in a transaction dated Wednesday, June 28th. The stock was purchased at an average price of GBX 701 ($9.05) per share, for a total transaction of £21,030 ($27,160.02). Over the last 90 days, insiders bought 4,550 shares of company stock worth $3,138,425.
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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