Capita PLC’s (CPI) Neutral Rating Reaffirmed at BNP Paribas
Capita PLC (LON:CPI)‘s stock had its “neutral” rating restated by stock analysts at BNP Paribas in a report released on Monday. They presently have a GBX 950 ($11.76) price objective on the stock. BNP Paribas’ price target would indicate a potential upside of 59.80% from the company’s current price.
CPI has been the subject of a number of other reports. Numis Securities Ltd raised Capita PLC to a “buy” rating and decreased their target price for the stock from GBX 1,115 ($13.80) to GBX 890 ($11.01) in a research report on Friday, September 30th. Credit Suisse Group AG decreased their target price on Capita PLC from GBX 980 ($12.13) to GBX 675 ($8.35) and set a “neutral” rating for the company in a research report on Wednesday, October 5th. Peel Hunt reissued a “hold” rating and issued a GBX 979 ($12.12) target price on shares of Capita PLC in a research report on Thursday, September 29th. Goldman Sachs Group Inc. reiterated a “sell” rating and issued a GBX 987 ($12.22) price target on shares of Capita PLC in a research report on Thursday, September 8th. Finally, JPMorgan Chase & Co. reiterated a “neutral” rating on shares of Capita PLC in a research report on Wednesday, September 21st. Two analysts have rated the stock with a sell rating, nine have issued a hold rating and five have assigned a buy rating to the company’s stock. Capita PLC has a consensus rating of “Hold” and a consensus price target of GBX 951.69 ($11.78).
Shares of Capita PLC (LON:CPI) opened at 595.00 on Monday. The stock’s 50 day moving average price is GBX 886.00 and its 200-day moving average price is GBX 980.98. Capita PLC has a 52-week low of GBX 572.16 and a 52-week high of GBX 1,306.00. The company’s market capitalization is GBX 3.96 billion.
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The company also recently declared a dividend, which will be paid on Wednesday, November 30th. Shareholders of record on Thursday, October 20th will be paid a dividend of GBX 11.10 ($0.14) per share. This represents a yield of 1.14%. The ex-dividend date is Thursday, October 20th.
In related news, insider Ian Powell bought 2,000 shares of the stock in a transaction dated Thursday, September 29th. The stock was bought 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 stock in a transaction dated Friday, September 30th. The stock was bought at an average cost of GBX 679 ($8.40) per share, with a total value of £9,920.19 ($12,277.46).
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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