Capita PLC (CPI) Rating Reiterated by Numis Securities Ltd
Capita PLC (LON:CPI)‘s stock had its “buy” rating reaffirmed by equities researchers at Numis Securities Ltd in a research report issued on Monday. They presently have a GBX 850 ($10.81) price objective on the stock. Numis Securities Ltd’s target price suggests a potential upside of 20.48% from the company’s current price.
Other analysts have also recently issued reports about the stock. Jefferies Group LLC raised shares of Capita PLC to a “buy” rating and increased their price objective for the stock from GBX 465 ($5.91) to GBX 750 ($9.54) in a research note on Monday, June 19th. HSBC Holdings plc raised shares of Capita PLC to a “buy” rating and increased their price objective for the stock from GBX 590 ($7.50) to GBX 820 ($10.43) in a research note on Wednesday, June 21st. Barclays PLC reissued an “equal weight” rating and issued a GBX 525 ($6.68) price objective on shares of Capita PLC in a research note on Monday, March 6th. Deutsche Bank AG increased their price objective on shares of Capita PLC from GBX 470 ($5.98) to GBX 560 ($7.12) and gave the stock a “hold” rating in a research note on Wednesday, March 29th. Finally, Credit Suisse Group increased their price objective on shares of Capita PLC from GBX 535 ($6.80) to GBX 550 ($7.00) and gave the stock a “neutral” rating in a research note on Tuesday, March 21st. Three equities research analysts have rated the stock with a sell rating, eight have given a hold rating and three have assigned a buy rating to the company. The company has an average rating of “Hold” and an average price target of GBX 580 ($7.38).
Capita PLC (LON:CPI) traded up 2.02% on Monday, hitting GBX 705.50. 2,599,688 shares of the stock were exchanged. The firm’s market cap is GBX 4.71 billion. Capita PLC has a 12 month low of GBX 431.30 and a 12 month high of GBX 1,066.60. The company has a 50-day moving average of GBX 585.62 and a 200 day moving average of GBX 544.78.
In other Capita PLC news, insider Nick Greatorex acquired 1,500 shares of the stock in a transaction on Tuesday, June 20th. The stock was acquired at an average price of GBX 668 ($8.50) per share, for a total transaction of £10,020 ($12,744.85). Also, insider Andy Parker sold 55,686 shares of the stock in a transaction on Friday, May 5th. The shares were sold at an average price of GBX 570 ($7.25), for a total transaction of £317,410.20 ($403,727.04).
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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