Capita PLC (CPI) Receives Consensus Recommendation of “Hold” from Analysts
Shares of Capita PLC (LON:CPI) have been assigned a consensus rating of “Hold” from the seventeen analysts that are presently covering the stock. Two equities research analysts have rated the stock with a sell recommendation, nine have given a hold recommendation and five have given a buy recommendation to the company. The average 1-year price objective among brokerages that have issued ratings on the stock in the last year is GBX 955.13 ($11.64).
A number of analysts have recently weighed in on CPI shares. Panmure Gordon upgraded shares of Capita PLC to a “hold” rating and set a GBX 900 ($10.97) price target on the stock in a report on Friday, July 8th. BNP Paribas reaffirmed an “underperform” rating and issued a GBX 1,000 ($12.19) price objective on shares of Capita PLC in a research report on Monday, June 27th. Credit Suisse Group AG lowered shares of Capita PLC to a “neutral” rating and decreased their price objective for the company from GBX 1,250 ($15.23) to GBX 900 ($10.97) in a research report on Tuesday, June 28th. JPMorgan Chase & Co. decreased their price objective on shares of Capita PLC from GBX 1,080 ($13.16) to GBX 760 ($9.26) and set a “neutral” rating for the company in a research report on Friday, September 30th. Finally, Peel Hunt reaffirmed a “hold” rating and issued a GBX 979 ($11.93) price objective on shares of Capita PLC in a research report on Thursday, September 29th.
In related news, insider Nick Greatorex purchased 1,461 shares of the company’s stock in a transaction that occurred on Friday, September 30th. The shares were purchased 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 purchased 2,000 shares of the company’s stock in a transaction that occurred on Thursday, September 29th. The stock was bought at an average cost of GBX 699 ($8.52) per share, for a total transaction of £13,980 ($17,038.39).
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Shares of Capita PLC (LON:CPI) traded up 3.34% during mid-day trading on Tuesday, reaching GBX 603.00. 4,480,429 shares of the company traded hands. The firm has a 50-day moving average price of GBX 868.68 and a 200 day moving average price of GBX 976.94. 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 capitalization is GBX 4.01 billion.
The business also recently declared a dividend, which will be paid on Wednesday, November 30th. Investors 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%.
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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