Capita Plc Upgraded to Buy at Cantor Fitzgerald Europe (CPI)
Capita Plc (LON:CPI) was upgraded by research analysts at Cantor Fitzgerald Europe to a “buy” rating in a report released 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 target would suggest a potential upside of 13.53% from the stock’s previous close.
Other equities research analysts have also recently issued reports about 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 given a hold rating and six have issued a buy rating to the company. The stock presently has an average rating of “Hold” and an average target price of GBX 1,006.25 ($16.52).
Capita Plc (LON:CPI) opened at 1058.865 on Monday. 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 £6.938 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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