Capita PLC (CPI) PT Lowered to GBX 657
Capita PLC (LON:CPI) had its price target lowered by analysts at Peel Hunt from GBX 979 ($12.12) to GBX 657 ($8.13) in a note issued to investors on Thursday. The brokerage presently has a “hold” rating on the stock. Peel Hunt’s price target would suggest a potential upside of 11.07% from the company’s previous close.
Several other equities analysts have also issued reports on the stock. BNP Paribas reissued a “neutral” rating and set a GBX 950 ($11.76) price objective on shares of Capita PLC in a report on Monday. Credit Suisse Group AG cut their price objective on shares of Capita PLC from GBX 980 ($12.13) to GBX 675 ($8.35) and set a “neutral” rating on the stock in a report on Wednesday, October 5th. Jefferies Group cut their price objective on shares of Capita PLC from GBX 1,340 ($16.58) to GBX 815 ($10.09) and set a “buy” rating on the stock in a report on Tuesday, October 4th. Panmure Gordon lowered shares of Capita PLC to a “sell” rating in a report on Friday, September 30th. Finally, Numis Securities Ltd raised shares of Capita PLC to a “buy” rating and cut their price objective for the company from GBX 1,115 ($13.80) to GBX 890 ($11.01) in a report on Friday, September 30th. Two investment analysts have rated the stock with a sell rating, eight have issued a hold rating and six have given a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus price target of GBX 1,002.31 ($12.40).
Capita PLC (LON:CPI) opened at 591.50 on Thursday. The company’s market capitalization is GBX 3.93 billion. The stock’s 50 day moving average price is GBX 907.85 and its 200 day moving average price is GBX 986.07. Capita PLC has a 12-month low of GBX 580.10 and a 12-month high of GBX 1,306.00.
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The company also recently disclosed a dividend, which will be paid on Wednesday, November 30th. Shareholders of record on Thursday, October 20th will be given a GBX 11.10 ($0.14) dividend. The ex-dividend date is Thursday, October 20th. This represents a dividend yield of 1.14%.
In related news, insider Ian Powell bought 2,000 shares of the business’s stock in a transaction dated Thursday, September 29th. The stock was acquired at an average price of GBX 699 ($8.65) per share, with a total value of £13,980 ($17,301.98). Also, insider Nick Greatorex bought 1,461 shares of the business’s stock in a transaction dated Friday, September 30th. The shares were bought at an average cost of GBX 679 ($8.40) per share, with a total value of £9,920.19 ($12,277.46).
Capita PLC Company Profile
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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