Capita PLC (CPI) Price Target Cut to GBX 675 by Analysts at Credit Suisse Group AG
Capita PLC (LON:CPI) had its target price reduced by equities research analysts at Credit Suisse Group AG from GBX 980 ($12.79) to GBX 675 ($8.81) in a note issued to investors on Wednesday, StockTargetPrices.com reports. The brokerage currently has a “neutral” rating on the stock. Credit Suisse Group AG’s price objective would indicate a potential upside of 11.85% from the stock’s previous close.
CPI has been the subject of several other reports. BNP Paribas reiterated a “neutral” rating and set a GBX 950 ($12.40) price objective on shares of Capita PLC in a report on Monday, July 11th. Peel Hunt reiterated a “hold” rating and set a GBX 1,087 ($14.19) price objective on shares of Capita PLC in a report on Tuesday, June 21st. Goldman Sachs Group Inc. reiterated a “sell” rating and set a GBX 987 ($12.88) price objective on shares of Capita PLC in a report on Thursday, September 8th. Numis Securities Ltd upgraded Capita PLC to a “buy” rating and cut their price objective for the stock from GBX 1,115 ($14.55) to GBX 890 ($11.62) in a report on Friday, September 30th. Finally, Jefferies Group reiterated a “buy” rating and set a GBX 1,340 ($17.49) price objective on shares of Capita PLC in a report on Tuesday, July 12th. Two analysts have rated the stock with a sell rating, eight have assigned a hold rating and six have assigned a buy rating to the stock. The company currently has an average rating of “Hold” and an average target price of GBX 1,022.44 ($13.35).
Shares of Capita PLC (LON:CPI) traded down 4.58% during mid-day trading on Wednesday, reaching GBX 603.50. The company’s stock had a trading volume of 6,635,285 shares. The company has a 50 day moving average price of GBX 943.82 and a 200 day moving average price of GBX 995.66. The stock’s market capitalization is GBX 4.01 billion. Capita PLC has a 12 month low of GBX 603.50 and a 12 month high of GBX 1,306.00.
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The business also recently announced a dividend, which will be paid on Wednesday, November 30th. Investors of record on Thursday, October 20th will be paid a GBX 11.10 ($0.14) dividend. This represents a dividend yield of 1.14%. The ex-dividend date is Thursday, October 20th.
In other Capita PLC news, insider Ian Powell purchased 2,000 shares of the business’s stock in a transaction on Thursday, September 29th. The stock was purchased at an average price of GBX 699 ($9.12) per share, for a total transaction of £13,980 ($18,248.27). Also, insider Nick Greatorex purchased 1,461 shares of the business’s stock in a transaction on Friday, September 30th. The shares were acquired at an average price of GBX 679 ($8.86) per share, with a total value of £9,920.19 ($12,948.95).
About Capita PLC
Capita PLC is a United Kingdom-based company, which creates and delivers services in business process management. The Company’s segments include Digital & Software Solutions, Integrated Services, Local Government, Property & Health, Workplace Services, IT Enterprise Services, Asset Services, Customer Management, Capita Europe and Insurance & Benefits Services.
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