Capita PLC (LON:CPI) Receives Average Recommendation of “Hold” from Brokerages
Shares of Capita PLC (LON:CPI) have received an average rating of “Hold” from the fifteen brokerages that are currently covering the stock, MarketBeat Ratings reports. Three research analysts have rated the stock with a sell rating, nine have assigned a hold rating and three have assigned a buy rating to the company. The average 12-month price target among brokers that have issued a report on the stock in the last year is GBX 589 ($7.63).
CPI has been the topic of several research reports. BNP Paribas reaffirmed a “neutral” rating and set a GBX 500 ($6.48) price target on shares of Capita PLC in a report on Monday, March 13th. HSBC Holdings plc lifted their target price on shares of Capita PLC from GBX 500 ($6.48) to GBX 590 ($7.64) and gave the stock a “hold” rating in a research report on Friday, March 17th. Credit Suisse Group lifted their target price on shares of Capita PLC from GBX 535 ($6.93) to GBX 550 ($7.12) and gave the stock a “neutral” rating in a research report on Tuesday, March 21st. Shore Capital reiterated a “sell” rating on shares of Capita PLC in a research report on Wednesday, March 22nd. Finally, Deutsche Bank AG lifted their target price on shares of Capita PLC from GBX 470 ($6.09) to GBX 560 ($7.25) and gave the stock a “hold” rating in a research report on Wednesday, March 29th.
In related news, insider Nick Greatorex bought 1,800 shares of the company’s stock in a transaction that occurred on Wednesday, June 7th. The shares were bought at an average price of GBX 545 ($7.06) per share, for a total transaction of £9,810 ($12,707.25). Also, insider Ian Powell bought 3,000 shares of the company’s stock in a transaction that occurred on Wednesday, June 28th. The shares were bought at an average price of GBX 701 ($9.08) per share, for a total transaction of £21,030 ($27,240.93). Insiders have purchased a total of 6,325 shares of company stock worth $4,102,650 in the last quarter.
Capita PLC (CPI) opened at 649.50 on Tuesday. Capita PLC has a one year low of GBX 431.30 and a one year high of GBX 1,066.60. The company has a 50-day moving average of GBX 608.96 and a 200 day moving average of GBX 552.98. The firm’s market capitalization is GBX 4.32 billion.
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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