Capita Plc Receives Buy Rating from Goldman Sachs Group Inc. (CPI)
Capita Plc (LON:CPI)‘s stock had its “buy” rating reaffirmed by investment analysts at Goldman Sachs Group Inc. in a note issued to investors on Friday, Stock Ratings Network.com reports. They currently have a GBX 1,200 ($19.22) price target on the stock. Goldman Sachs Group Inc.’s price target suggests a potential upside of 19.88% from the company’s current price.
Shares of Capita Plc (LON:CPI) opened at 996.00 on Friday. Capita Plc has a 1-year low of GBX 704.00 and a 1-year high of GBX 1060.00. The stock’s 50-day moving average is GBX 996.9 and its 200-day moving average is GBX 957.2. The company’s market cap is £6.526 billion.
Other equities research analysts have also recently issued reports about the stock. Analysts at Panmure Gordon reiterated a “hold” rating on shares of Capita Plc (LON:CPI) in a research note to investors on Tuesday. They now have a GBX 950 ($15.22) price target on the stock. Separately, analysts at Credit Suisse reiterated an “outperform” rating on shares of Capita Plc (LON:CPI) in a research note to investors on Thursday, September 19th. They now have a GBX 1,150 ($18.42) price target on the stock. Finally, analysts at Citigroup Inc. reiterated a “neutral” rating on shares of Capita Plc (LON:CPI) in a research note to investors on Monday, September 16th. They now have a GBX 1,075 ($17.22) price target on the stock. Seven equities research analysts have rated the stock with a sell rating, ten have issued a hold rating and five have assigned a buy rating to the stock. Capita Plc currently has an average rating of “Hold” and a consensus price target of GBX 948.10 ($15.19).
Capita plc, formerly The Capita Group Plc, is a provider of business process outsourcing solutions and professional support services to organizations across the public and private sectors.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.