Capita PLC (CPI) Given Sell Rating at Shore Capital
Capita PLC (LON:CPI)‘s stock had its “sell” rating restated by analysts at Shore Capital in a research note issued on Friday.
Several other research analysts also recently commented on CPI. J P Morgan Chase & Co restated a “neutral” rating and issued a GBX 510 ($6.59) price objective on shares of Capita PLC in a research report on Wednesday, June 14th. Numis Securities Ltd restated a “buy” rating and issued a GBX 850 ($10.98) price objective on shares of Capita PLC in a research report on Monday, June 26th. Peel Hunt restated a “reduce” rating and issued a GBX 466 ($6.02) price objective on shares of Capita PLC in a research report on Tuesday, June 13th. Jefferies Group LLC restated a “buy” rating and issued a GBX 750 ($9.69) price objective on shares of Capita PLC in a research report on Monday, June 26th. Finally, Citigroup Inc boosted their price objective on shares of Capita PLC from GBX 610 ($7.88) to GBX 640 ($8.27) and gave the stock a “neutral” rating in a research report on Wednesday, July 5th. Three equities research analysts have rated the stock with a sell rating, nine have issued a hold rating and three have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average target price of GBX 586 ($7.57).
Shares of Capita PLC (LON CPI) traded down 0.31% during mid-day trading on Friday, hitting GBX 650.50. 524,352 shares of the stock were exchanged. The stock’s market cap is GBX 4.33 billion. Capita PLC has a 12 month low of GBX 431.30 and a 12 month high of GBX 1,066.60. The stock’s 50 day moving average is GBX 657.53 and its 200-day moving average is GBX 603.28.
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In other Capita PLC news, insider Nick Greatorex acquired 1,500 shares of Capita PLC stock in a transaction dated Tuesday, June 20th. The stock was bought at an average cost of GBX 668 ($8.63) per share, for a total transaction of £10,020 ($12,940.72). Also, insider Ian Powell acquired 3,000 shares of Capita PLC stock in a transaction dated Wednesday, June 28th. The shares were acquired at an average price of GBX 701 ($9.05) per share, with a total value of £21,030 ($27,160.02). In the last 90 days, insiders purchased 6,350 shares of company stock valued at $4,119,425.
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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