Capita PLC Receives Overweight Rating from HSBC (CPI)
Capita PLC (LON:CPI)‘s stock had its “overweight” rating reiterated by equities research analysts at HSBC in a research note issued to investors on Monday. They currently have a GBX 1,340 ($22.75) price target on the stock. HSBC’s price objective indicates a potential upside of 9.66% from the stock’s previous close.
Capita PLC (LON:CPI) traded up 0.33% during mid-day trading on Monday, hitting GBX 1215.00. 1,448,002 shares of the company’s stock traded hands. Capita PLC has a 52 week low of GBX 932.00 and a 52 week high of GBX 1231.00. The stock’s 50-day moving average is GBX 1151.18 and its 200-day moving average is GBX 1098.. The company’s market cap is £7.997 billion.
The company also recently declared a dividend, which is scheduled for Tuesday, October 7th. Shareholders of record on Wednesday, August 27th will be given a dividend of GBX 9.60 ($0.16) per share. This represents a yield of 0.79%. The ex-dividend date of this dividend is Wednesday, August 27th.
A number of other firms have also recently commented on CPI. Analysts at JPMorgan Chase & Co. reiterated an “overweight” rating on shares of Capita PLC in a research note on Thursday. They now have a GBX 1,300 ($22.08) price target on the stock. Separately, analysts at Barclays reiterated an “equal weight” rating on shares of Capita PLC in a research note on Thursday. They now have a GBX 1,280 ($21.74) price target on the stock. Finally, analysts at Citigroup Inc. reiterated a “neutral” rating on shares of Capita PLC in a research note on Thursday. They now have a GBX 1,075 ($18.25) price target on the stock. One analyst has rated the stock with a sell rating, seven have issued a hold rating and ten have given a buy rating to the company. The stock currently has an average rating of “Buy” and a consensus target price of GBX 1,200.61 ($20.39).
Capita plc is a United Kingdom- based company which provides business process management and integrated professional support service solutions.
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