Capita PLC (CPI) Insider Buys £19,720 in Stock
Capita PLC (LON:CPI) insider Ian Powell acquired 3,400 shares of Capita PLC stock in a transaction that occurred on Tuesday, October 10th. The stock was acquired at an average cost of GBX 580 ($7.63) per share, for a total transaction of £19,720 ($25,926.90).
Shares of Capita PLC (LON CPI) traded down 4.39% during trading on Wednesday, hitting GBX 544.50. The stock had a trading volume of 1,189,104 shares. Capita PLC has a 52 week low of GBX 431.30 and a 52 week high of GBX 721.00. The firm has a 50-day moving average price of GBX 609.39 and a 200 day moving average price of GBX 612.63. The company’s market capitalization is GBX 3.62 billion.
The business also recently announced a dividend, which will be paid on Thursday, November 30th. Investors of record on Thursday, October 19th will be issued a dividend of GBX 11.10 ($0.15) per share. This represents a yield of 2.01%. The ex-dividend date is Thursday, October 19th.
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Several research firms recently weighed in on CPI. Numis Securities Ltd reaffirmed a “buy” rating and issued a GBX 750 ($9.86) price objective on shares of Capita PLC in a research note on Wednesday, June 14th. J P Morgan Chase & Co reaffirmed a “neutral” rating and issued a GBX 510 ($6.71) price objective on shares of Capita PLC in a research note on Wednesday, June 14th. Peel Hunt reaffirmed a “reduce” rating and issued a GBX 466 ($6.13) price objective on shares of Capita PLC in a research note on Tuesday, June 13th. Deutsche Bank AG reaffirmed a “hold” rating and issued a GBX 640 ($8.41) price objective on shares of Capita PLC in a research note on Friday, September 22nd. Finally, Jefferies Group LLC raised Capita PLC to a “buy” rating and lifted their price target for the company from GBX 465 ($6.11) to GBX 750 ($9.86) in a research note on Monday, June 19th. Three equities research analysts have rated the stock with a sell rating, nine have given a hold rating and three have assigned a buy rating to the company’s stock. Capita PLC presently has a consensus rating of “Hold” and an average target price of GBX 600.27 ($7.89).
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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