Cantor Fitzgerald Europe Upgrades Capita Plc to “Buy” (CPI)
Capita Plc (LON:CPI) was upgraded by Cantor Fitzgerald Europe to a “buy” rating in a research note issued on Monday, American Banking News.com reports. The firm currently has a GBX 1,200 ($19.70) price objective on the stock. Cantor Fitzgerald Europe’s price objective would suggest a potential upside of 13.64% from the stock’s previous close.
CPI has been the subject of a number of other recent research reports. Analysts at Credit Suisse reiterated an “outperform” rating on shares of Capita Plc in a research note to investors on Monday, January 13th. They now have a GBX 1,150 ($18.88) price target on the stock. Separately, analysts at RBC Capital raised their price target on shares of Capita Plc from GBX 870 ($14.28) to GBX 900 ($14.77) in a research note to investors on Monday, January 13th. They now have an “underperform” rating on the stock. Finally, analysts at UBS AG upgraded shares of Capita Plc to a “buy” rating in a research note to investors on Friday, January 10th. Six investment analysts have rated the stock with a sell rating, ten have given a hold rating and six have given a buy rating to the company. Capita Plc has a consensus rating of “Hold” and a consensus target price of GBX 1,006.25 ($16.52).
Capita Plc (LON:CPI) traded down 0.09% during mid-day trading on Monday, hitting GBX 1056.00. 470,067 shares of the company’s stock traded hands. Capita Plc has a 1-year low of GBX 771.00 and a 1-year high of GBX 1069.00. The stock’s 50-day moving average is GBX 1019. and its 200-day moving average is GBX 1003.. The company’s market cap is £6.919 billion.
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.
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