Capita PLC (CPI) Upgraded to ” Hold” by HSBC
Capita PLC (LON:CPI) was upgraded by stock analysts at HSBC to a ” hold” rating in a research report issued on Wednesday. The firm currently has a GBX 500 ($6.08) price target on the stock, up from their prior price target of GBX 450 ($5.47). HSBC’s target price indicates a potential downside of 3.57% from the company’s previous close.
A number of other research firms have also recently commented on CPI. Deutsche Bank AG lowered their price target on shares of Capita PLC from GBX 590 ($7.17) to GBX 470 ($5.72) and set a “hold” rating on the stock in a report on Wednesday, December 14th. J P Morgan Chase & Co lowered their price target on shares of Capita PLC from GBX 1,080 ($13.13) to GBX 760 ($9.24) and set a “neutral” rating on the stock in a report on Friday, September 30th. Peel Hunt lowered their target price on shares of Capita PLC from GBX 657 ($7.99) to GBX 479 ($5.83) and set a “hold” rating on the stock in a report on Wednesday, December 14th. Credit Suisse Group lowered their target price on shares of Capita PLC from GBX 980 ($11.92) to GBX 675 ($8.21) and set a “neutral” rating on the stock in a report on Wednesday, October 5th. Finally, Goldman Sachs Group, Inc. (The) lowered their target price on shares of Capita PLC from GBX 771 ($9.38) to GBX 595 ($7.24) and set a “neutral” rating on the stock in a report on Wednesday, December 21st. Two analysts have rated the stock with a sell rating, nine have issued a hold rating and two have assigned a buy rating to the company. Capita PLC currently has an average rating of “Hold” and a consensus price target of GBX 669.43 ($8.14).
Shares of Capita PLC (LON:CPI) traded down 0.10% during mid-day trading on Wednesday, reaching GBX 518.00. The company had a trading volume of 3,372,585 shares. The stock’s market capitalization is GBX 3.44 billion. Capita PLC has a 12-month low of GBX 431.30 and a 12-month high of GBX 1,206.00. The firm’s 50 day moving average is GBX 526.31 and its 200-day moving average is GBX 777.30.
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In other Capita PLC news, insider Andy Parker bought 20,000 shares of the firm’s stock in a transaction on Monday, December 12th. The stock was acquired at an average price of GBX 476 ($5.79) per share, with a total value of £95,200 ($115,772.83). Also, insider Nick Greatorex bought 2,091 shares of the firm’s stock in a transaction on Friday, December 9th. The shares were acquired at an average cost of GBX 475 ($5.78) per share, with a total value of £9,932.25 ($12,078.62).
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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