Capita PLC’s (CPI) Neutral Rating Reiterated at BNP Paribas
Capita PLC (LON:CPI)‘s stock had its “neutral” rating reiterated by equities research analysts at BNP Paribas in a note issued to investors on Monday. They currently have a GBX 950 ($11.58) price objective on the stock. BNP Paribas’ price target indicates a potential upside of 62.81% from the stock’s current price.
A number of other research firms have also recently commented on CPI. Panmure Gordon upgraded Capita PLC to a “hold” rating and set a GBX 900 ($10.97) target price on the stock in a research note on Friday, July 8th. Credit Suisse Group AG cut Capita PLC to a “neutral” rating and lowered their target price for the stock from GBX 1,250 ($15.23) to GBX 900 ($10.97) in a research note on Tuesday, June 28th. JPMorgan Chase & Co. lowered their target price on Capita PLC from GBX 1,080 ($13.16) to GBX 760 ($9.26) and set a “neutral” rating on the stock in a research note on Friday, September 30th. Peel Hunt reiterated a “hold” rating and set a GBX 979 ($11.93) target price on shares of Capita PLC in a research note on Thursday, September 29th. Finally, Royal Bank Of Canada lowered their target price on Capita PLC from GBX 700 ($8.53) to GBX 600 ($7.31) and set a “sector perform” rating on the stock in a research note on Thursday. 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. The stock presently has an average rating of “Hold” and an average price target of GBX 951.69 ($11.60).
Capita PLC (LON:CPI) traded down 1.19% on Monday, hitting GBX 583.50. 2,786,120 shares of the stock were exchanged. Capita PLC has a 52-week low of GBX 572.16 and a 52-week high of GBX 1,306.00. The firm’s market cap is GBX 3.88 billion. The company has a 50-day moving average price of GBX 868.68 and a 200-day moving average price of GBX 976.94.
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The firm also recently disclosed a dividend, which will be paid on Wednesday, November 30th. Stockholders of record on Thursday, October 20th will be issued a dividend of GBX 11.10 ($0.14) per share. This represents a dividend yield of 1.14%. The ex-dividend date is Thursday, October 20th.
In other Capita PLC news, insider Nick Greatorex acquired 1,461 shares of the business’s stock in a transaction dated Friday, September 30th. The stock was bought at an average price of GBX 679 ($8.28) per share, with a total value of £9,920.19 ($12,090.42). Also, insider Ian Powell acquired 2,000 shares of the business’s stock in a transaction dated Thursday, September 29th. The shares were acquired at an average cost of GBX 699 ($8.52) per share, with a total value of £13,980 ($17,038.39).
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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