Jefferies Group Lowers Capita PLC (CPI) Price Target to GBX 815
Capita PLC (LON:CPI) had its price objective dropped by research analysts at Jefferies Group from GBX 1,340 ($17.49) to GBX 815 ($10.64) in a report issued on Tuesday. The brokerage presently has a “buy” rating on the stock. Jefferies Group’s price objective suggests a potential upside of 35.05% from the stock’s current price.
CPI has been the topic of a number of other research reports. Numis Securities Ltd upgraded Capita PLC to a “buy” rating and reduced their target price for the company from GBX 1,115 ($14.55) to GBX 890 ($11.62) in a report on Friday, September 30th. Peel Hunt reiterated a “hold” rating and issued a GBX 979 ($12.78) target price on shares of Capita PLC in a report on Thursday, September 29th. Goldman Sachs Group Inc. reiterated a “sell” rating and issued a GBX 987 ($12.88) target price on shares of Capita PLC in a report on Thursday, September 8th. BNP Paribas reiterated a “neutral” rating and issued a GBX 950 ($12.40) target price on shares of Capita PLC in a report on Monday, August 22nd. Finally, JPMorgan Chase & Co. reiterated a “neutral” rating on shares of Capita PLC in a report on Wednesday, September 21st. Two equities research analysts have rated the stock with a sell rating, eight have issued a hold rating and six have issued a buy rating to the stock. Capita PLC currently has a consensus rating of “Hold” and a consensus target price of GBX 1,022.44 ($13.35).
Capita PLC (LON:CPI) traded down 4.58% on Tuesday, hitting GBX 603.50. The stock had a trading volume of 6,635,285 shares. The firm’s market cap is GBX 4025.98 billion. Capita PLC has a 12-month low of GBX 603.50 and a 12-month high of GBX 1,306.00. The company’s 50 day moving average is GBX 943.82 and its 200 day moving average is GBX 995.66.
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The company also recently disclosed a dividend, which will be paid on Wednesday, November 30th. Investors of record on Thursday, October 20th will be issued a GBX 11.10 ($0.14) dividend. This represents a yield of 1.14%. The ex-dividend date is Thursday, October 20th.
In related news, insider Nick Greatorex bought 1,461 shares of the stock in a transaction dated Friday, September 30th. The stock was bought at an average cost of GBX 679 ($8.86) per share, with a total value of £9,920.19 ($12,948.95). Also, insider Ian Powell bought 2,000 shares of the stock in a transaction dated Thursday, September 29th. The shares were bought at an average cost of GBX 699 ($9.12) per share, with a total value of £13,980 ($18,248.27).
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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