Royal Bank Of Canada Lowers Capita PLC (CPI) Price Target to GBX 600
Capita PLC (LON:CPI) had its target price cut by stock analysts at Royal Bank Of Canada from GBX 700 ($8.66) to GBX 600 ($7.43) in a research note issued to investors on Thursday. The firm currently has a “sector perform” rating on the stock. Royal Bank Of Canada’s target price indicates a potential upside of 1.44% from the company’s previous close.
Several other brokerages have also recently weighed in on CPI. Goldman Sachs Group Inc. reissued a “sell” rating and issued a GBX 987 ($12.22) price target on shares of Capita PLC in a research note on Thursday, September 8th. Peel Hunt reaffirmed a “hold” rating and set a GBX 1,087 ($13.45) target price on shares of Capita PLC in a research note on Tuesday, June 21st. BNP Paribas reaffirmed a “neutral” rating and set a GBX 950 ($11.76) target price on shares of Capita PLC in a research note on Monday, September 12th. Finally, Credit Suisse Group AG raised their target price on Capita PLC from GBX 900 ($11.14) to GBX 980 ($12.13) and gave the stock a “neutral” rating in a research note on Friday, August 19th. Two analysts have rated the stock with a sell rating, nine have issued a hold rating and five have given a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus target price of GBX 951.69 ($11.78).
Shares of Capita PLC (LON:CPI) traded down 2.4929% during midday trading on Thursday, hitting GBX 576.7546. The stock had a trading volume of 2,804,635 shares. The company’s 50 day moving average is GBX 907.85 and its 200 day moving average is GBX 986.07. The firm’s market cap is GBX 3.84 billion. Capita PLC has a 52 week low of GBX 572.16 and a 52 week high of GBX 1,306.00.
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The firm also recently declared a dividend, which will be paid on Wednesday, November 30th. Investors of record on Thursday, October 20th will be issued a dividend of GBX 11.10 ($0.14) per share. The ex-dividend date is Thursday, October 20th. This represents a yield of 1.14%.
In other Capita PLC news, insider Ian Powell purchased 2,000 shares of the company’s stock in a transaction that occurred on Thursday, September 29th. The shares were acquired at an average cost of GBX 699 ($8.65) per share, for a total transaction of £13,980 ($17,301.98). Also, insider Nick Greatorex purchased 1,461 shares of the company’s stock in a transaction that occurred on Friday, September 30th. The shares were acquired at an average price of GBX 679 ($8.40) per share, for a total transaction 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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