Capita PLC (CPI) Stock Rating Reaffirmed by Numis Securities Ltd
Capita PLC (LON:CPI)‘s stock had its “buy” rating reissued by equities researchers at Numis Securities Ltd in a note issued to investors on Friday. They currently have a GBX 850 ($10.98) price target on the stock. Numis Securities Ltd’s target price indicates a potential upside of 35.03% from the company’s previous close.
Several other equities research analysts have also issued reports on the company. Jefferies Group LLC reissued a “buy” rating and set a GBX 750 ($9.69) price target on shares of Capita PLC in a research report on Friday. Peel Hunt upped their price target on Capita PLC from GBX 466 ($6.02) to GBX 600 ($7.75) and gave the company a “reduce” rating in a research report on Thursday. Shore Capital reissued a “sell” rating on shares of Capita PLC in a research report on Friday, September 1st. BNP Paribas reissued a “neutral” rating and set a GBX 530 ($6.84) price target on shares of Capita PLC in a research report on Wednesday, July 12th. Finally, Citigroup Inc. upped their price target on Capita PLC from GBX 610 ($7.88) to GBX 640 ($8.27) and gave the company 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 given a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average price target of GBX 594.93 ($7.68).
Shares of Capita PLC (LON:CPI) traded up 0.16% during trading on Friday, hitting GBX 629.50. 1,249,906 shares of the stock were exchanged. Capita PLC has a one year low of GBX 431.30 and a one year high of GBX 1,043.00. The stock’s market cap is GBX 4.19 billion. The stock’s 50 day moving average price is GBX 654.86 and its 200 day moving average price is GBX 605.42.
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In other Capita PLC news, insider Ian Powell purchased 3,000 shares of the firm’s stock in a transaction dated Wednesday, June 28th. The stock was bought at an average price of GBX 701 ($9.05) per share, with a total value of £21,030 ($27,160.02). Also, insider Nick Greatorex purchased 1,500 shares of the firm’s stock in a transaction dated Tuesday, June 20th. The stock was acquired at an average cost of GBX 668 ($8.63) per share, with a total value of £10,020 ($12,940.72). In the last three months, insiders bought 4,550 shares of company stock valued at $3,138,425.
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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