Capita PLC Downgraded to “Neutral” at Credit Suisse (CPI)
Capita PLC (LON:CPI) was downgraded by Credit Suisse to a “neutral” rating in a research note issued on Friday. They currently have a GBX 1,215 ($20.63) target price on the stock, down from their previous target price of GBX 1,250 ($21.23). Credit Suisse’s price target would suggest a potential upside of 2.97% from the stock’s previous close.
Shares of Capita PLC (LON:CPI) traded down 1.83% during mid-day trading on Friday, hitting GBX 1180.00. 2,511,419 shares of the company’s stock traded hands. Capita PLC has a 52-week low of GBX 925.04 and a 52-week high of GBX 1248.00. The stock has a 50-day moving average of GBX 1158.31 and a 200-day moving average of GBX 1102.. The company’s market cap is £7.767 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.
CPI has been the subject of a number of other recent research reports. Analysts at HSBC reiterated an “overweight” rating on shares of Capita PLC in a research note on Monday, July 28th. They now have a GBX 1,340 ($22.75) price target on the stock. Separately, analysts at JPMorgan Chase & Co. reiterated an “overweight” rating on shares of Capita PLC in a research note on Thursday, July 24th. They now have a GBX 1,300 ($22.08) price target on the stock. Finally, analysts at Barclays reiterated an “equal weight” rating on shares of Capita PLC in a research note on Thursday, July 24th. They now have a GBX 1,280 ($21.74) price target on the stock. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating and nine have issued a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus price target of GBX 1,204.22 ($20.45).
Capita plc is a United Kingdom- based company which provides business process management and integrated professional support service solutions.
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