Capita plc (LON:CPI)’s share price traded down 0% during mid-day trading on Thursday . The company traded as low as GBX 463.50 ($6.21) and last traded at GBX 466.50 ($6.25). 5,920,537 shares changed hands during mid-day trading, an increase of 198% from the average session volume of 1,990,000 shares. The stock had previously closed at GBX 466.50 ($6.25).

A number of equities analysts recently issued reports on the stock. Shore Capital reissued a “sell” rating on shares of Capita in a research note on Friday, September 1st. Peel Hunt raised their target price on shares of Capita from GBX 466 ($6.24) to GBX 600 ($8.04) and gave the company a “reduce” rating in a research note on Thursday, September 7th. Numis Securities reaffirmed a “buy” rating and set a GBX 850 ($11.38) target price on shares of Capita in a research note on Friday, September 8th. Jefferies Group reaffirmed a “buy” rating and set a GBX 750 ($10.04) target price on shares of Capita in a research note on Friday, September 8th. Finally, Deutsche Bank reaffirmed a “hold” rating and set a GBX 640 ($8.57) target price on shares of Capita in a research note on Friday, September 22nd. Three research analysts have rated the stock with a sell rating, nine have issued a hold rating and three have issued a buy rating to the company. The stock has an average rating of “Hold” and an average target price of GBX 590.07 ($7.90).

The company also recently declared a dividend, which will be paid on Thursday, November 30th. Investors of record on Thursday, October 19th will be given a dividend of GBX 11.10 ($0.15) per share. This represents a dividend yield of 2.01%. The ex-dividend date of this dividend is Thursday, October 19th.

In related news, insider Ian Powell bought 3,400 shares of the company’s stock in a transaction that occurred on Tuesday, October 10th. The shares were bought at an average price of GBX 580 ($7.77) per share, for a total transaction of £19,720 ($26,409.54). Also, insider Matthew Lester bought 8,698 shares of the company’s stock in a transaction that occurred on Wednesday, October 11th. The stock was bought at an average price of GBX 570 ($7.63) per share, for a total transaction of £49,578.60 ($66,396.95). Insiders have purchased 12,190 shares of company stock valued at $6,981,880 in the last three months.

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About Capita

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, Customer Management, Capita Europe and Insurance & Benefits Services.

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