Capita Plc Rating Increased to Buy at Cantor Fitzgerald Europe (CPI)
Capita Plc (LON:CPI) was upgraded by analysts at Cantor Fitzgerald Europe to a “buy” rating in a research report issued to clients and investors on Monday, AR Network reports. The firm currently has a GBX 1,200 ($19.70) price objective on the stock. Cantor Fitzgerald Europe’s price target points to a potential upside of 13.53% from the stock’s previous close.
Capita Plc (LON:CPI) traded down 0.09% during mid-day trading on Monday, hitting GBX 1056.00. The stock had a trading volume of 449,021 shares. Capita Plc has a 52-week low of GBX 771.00 and a 52-week high of GBX 1060.00. The stock’s 50-day moving average is GBX 1017. and its 200-day moving average is GBX 1002.. The company’s market cap is £6.919 billion.
Several other analysts have also recently commented on the stock. 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 analysts have rated the stock with a sell rating, ten have assigned a hold rating and six have issued a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average target price of GBX 1,006.25 ($16.52).
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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