Capita PLC (CPI) Rating Reiterated by BNP Paribas
Capita PLC (LON:CPI)‘s stock had its “neutral” rating restated by equities research analysts at BNP Paribas in a report released on Monday. They currently have a GBX 500 ($6.18) price objective on the stock. BNP Paribas’ price objective indicates a potential downside of 12.20% from the stock’s current price.
CPI has been the subject of several other research reports. Canaccord Genuity dropped their price objective on shares of Capita PLC from GBX 620 ($7.66) to GBX 540 ($6.67) and set a “hold” rating for the company in a research note on Wednesday, January 11th. Peel Hunt reissued a “hold” rating and issued a GBX 657 ($8.11) price target on shares of Capita PLC in a research note on Thursday, December 8th. Shore Capital reissued a “sell” rating and issued a GBX 514 ($6.35) price target on shares of Capita PLC in a research note on Tuesday, February 21st. Panmure Gordon dropped their price target on shares of Capita PLC from GBX 530 ($6.55) to GBX 440 ($5.43) and set a “sell” rating for the company in a research note on Friday, December 2nd. Finally, Barclays PLC dropped their price target on shares of Capita PLC from GBX 1,100 ($13.59) to GBX 525 ($6.48) and set an “equal weight” rating for the company in a research note on Friday, December 9th. Three equities research analysts have rated the stock with a sell rating, ten have assigned a hold rating and one has issued a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average target price of GBX 533.93 ($6.59).
Capita PLC (LON:CPI) traded down 0.18% during mid-day trading on Monday, hitting GBX 569.50. 3,214,294 shares of the stock traded hands. The stock’s market cap is GBX 3.79 billion. The stock has a 50-day moving average price of GBX 530.75 and a 200-day moving average price of GBX 610.67. Capita PLC has a 12 month low of GBX 431.30 and a 12 month high of GBX 1,101.00.
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The business also recently disclosed a dividend, which will be paid on Monday, July 3rd. Investors of record on Thursday, May 25th will be given a dividend of GBX 20.60 ($0.25) per share. The ex-dividend date of this dividend is Thursday, May 25th. This represents a dividend yield of 4.01%. This is a boost from Capita PLC’s previous dividend of $11.10.
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In related news, insider Chris Sellers sold 4,067 shares of the stock in a transaction that occurred on Monday, March 13th. The shares were sold at an average price of GBX 567 ($7.00), for a total transaction of £23,059.89 ($28,479.55). Insiders have purchased a total of 100 shares of company stock valued at $50,672 in the last ninety days.
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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