Capita PLC (CPI) Earns “Neutral” Rating from BNP Paribas
Capita PLC (LON:CPI)‘s stock had its “neutral” rating reaffirmed by stock analysts at BNP Paribas in a research report issued to clients and investors on Monday. They currently have a GBX 950 ($12.40) target price on the stock. BNP Paribas’ target price indicates a potential upside of 59.26% from the company’s previous close.
CPI has been the subject of a number of other research reports. Numis Securities Ltd raised Capita PLC to a “buy” rating and decreased their price objective for the stock from GBX 1,115 ($14.55) to GBX 890 ($11.62) in a research note on Friday, September 30th. Credit Suisse Group AG decreased their price objective on Capita PLC from GBX 980 ($12.79) to GBX 675 ($8.81) and set a “neutral” rating for the company in a research note on Wednesday, October 5th. Peel Hunt reaffirmed a “hold” rating and set a GBX 979 ($12.78) price objective on shares of Capita PLC in a research note on Thursday, September 29th. Goldman Sachs Group Inc. reaffirmed a “sell” rating and set a GBX 987 ($12.88) price objective on shares of Capita PLC in a research note on Thursday, September 8th. Finally, JPMorgan Chase & Co. reaffirmed a “neutral” rating on shares of Capita PLC in a research note on Wednesday, September 21st. Two research analysts have rated the stock with a sell rating, seven have assigned a hold rating and six have issued a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus target price of GBX 1,022.44 ($13.35).
Capita PLC (LON:CPI) traded down 0.66% during midday trading on Monday, hitting GBX 599.50. The stock had a trading volume of 3,185,187 shares. The stock has a 50-day moving average of GBX 943.82 and a 200-day moving average of GBX 995.66. Capita PLC has a 52 week low of GBX 592.00 and a 52 week high of GBX 1,306.00. The firm’s market cap is GBX 3.99 billion.
This story is the sole property of American Banking News and it was originally published by American Banking News. If you are reading this story on another website, that means this article was illegally copied and re-published to this website in violation of U.S. and International copyright law. The original version of this article is available at https://www.americanbankingnews.com/2016/10/10/capita-plcs-cpi-neutral-rating-reiterated-at-bnp-paribas-2.html
The firm also recently announced a dividend, which will be paid on Wednesday, November 30th. Shareholders of record on Thursday, October 20th will be paid a GBX 11.10 ($0.14) dividend. The ex-dividend date is Thursday, October 20th. This represents a yield of 1.14%.
In other Capita PLC news, insider Ian Powell bought 2,000 shares of the firm’s stock in a transaction on Thursday, September 29th. The stock was purchased at an average cost of GBX 699 ($9.12) per share, with a total value of £13,980 ($18,248.27). Also, insider Nick Greatorex bought 1,461 shares of the firm’s stock in a transaction on Friday, September 30th. The stock was acquired at an average cost 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.
Receive News & Ratings for Capita PLC Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Capita PLC and related companies with MarketBeat.com's FREE daily email newsletter.