Peel Hunt Boosts Capita PLC (CPI) Price Target to GBX 600
Capita PLC (LON:CPI) had its price target hoisted by equities research analysts at Peel Hunt from GBX 466 ($6.02) to GBX 600 ($7.75) in a research note issued on Thursday. The brokerage currently has a “reduce” rating on the stock. Peel Hunt’s price objective suggests a potential downside of 4.69% from the stock’s current price.
A number of other equities analysts have also recently issued reports on the stock. Jefferies Group LLC upgraded shares of Capita PLC to a “buy” rating and upped their price objective for the stock from GBX 465 ($6.01) to GBX 750 ($9.69) in a research report on Monday, June 19th. HSBC Holdings plc upgraded shares of Capita PLC to a “buy” rating and upped their price objective for the stock from GBX 590 ($7.62) to GBX 820 ($10.59) in a research report on Wednesday, June 21st. BNP Paribas reiterated a “neutral” rating and set a GBX 530 ($6.84) price objective on shares of Capita PLC in a research report on Wednesday, July 12th. Shore Capital reiterated a “sell” rating on shares of Capita PLC in a research report on Friday, June 9th. Finally, Citigroup Inc. upped 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 investment analysts have rated the stock with a sell rating, nine have given a hold rating and three have given a buy rating to the stock. The stock has a consensus rating of “Hold” and an average price target of GBX 594.93 ($7.68).
Capita PLC (CPI) traded up 0.16% during mid-day trading on Thursday, hitting GBX 629.50. 1,249,906 shares of the stock traded hands. The stock’s market capitalization is GBX 4.19 billion. Capita PLC has a one year low of GBX 431.30 and a one year high of GBX 1,043.00. The company has a 50 day moving average price of GBX 654.86 and a 200-day moving average price of GBX 605.42.
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In other news, insider Nick Greatorex acquired 1,500 shares of Capita PLC stock in a transaction dated Tuesday, June 20th. The shares were bought at an average cost of GBX 668 ($8.63) per share, with a total value 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 stock was purchased at an average cost of GBX 701 ($9.05) per share, for a total transaction of £21,030 ($27,160.02). Over the last ninety days, insiders bought 4,550 shares of company stock worth $3,138,425.
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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