Capita PLC (CPI) Given Consensus Recommendation of “Hold” by Analysts
Capita PLC (LON:CPI) has been assigned a consensus recommendation of “Hold” from the fifteen ratings firms that are presently covering the stock, Marketbeat Ratings reports. Three research analysts have rated the stock with a sell rating, nine have given a hold rating and three have issued a buy rating on the company. The average 12-month price objective among brokers that have updated their coverage on the stock in the last year is GBX 619.23 ($8.23).
Several equities research analysts have weighed in on the stock. Numis Securities Ltd restated a “buy” rating and issued a GBX 850 ($11.29) target price on shares of Capita PLC in a research note on Monday, June 26th. Jefferies Group LLC restated a “buy” rating and issued a GBX 750 ($9.97) target price on shares of Capita PLC in a research note on Monday, June 26th. Citigroup Inc. raised their target price on shares of Capita PLC from GBX 610 ($8.11) to GBX 640 ($8.50) and gave the company a “neutral” rating in a research note on Wednesday, July 5th. HSBC Holdings plc upgraded shares of Capita PLC to a “buy” rating and raised their target price for the company from GBX 590 ($7.84) to GBX 820 ($10.90) in a research note on Wednesday, June 21st. Finally, BNP Paribas restated a “neutral” rating and issued a GBX 530 ($7.04) target price on shares of Capita PLC in a research note on Wednesday, July 12th.
In other Capita PLC news, insider Matthew Lester bought 8,698 shares of Capita PLC stock in a transaction that occurred on Wednesday, October 11th. The stock was purchased at an average price of GBX 570 ($7.57) per share, with a total value of £49,578.60 ($65,876.43). Also, insider Ian Powell bought 3,400 shares of Capita PLC stock in a transaction that occurred on Tuesday, October 10th. The shares were acquired at an average cost of GBX 580 ($7.71) per share, with a total value of £19,720 ($26,202.50). In the last ninety days, insiders acquired 12,183 shares of company stock valued at $6,982,047.
Capita PLC (LON:CPI) opened at 529.8738 on Thursday. Capita PLC has a one year low of GBX 431.30 and a one year high of GBX 721.00. The stock’s market capitalization is GBX 3.53 billion. The company has a 50-day moving average of GBX 595.91 and a 200-day moving average of GBX 611.93.
The business also recently declared a dividend, which will be paid on Thursday, November 30th. Shareholders of record on Thursday, October 19th will be issued a GBX 11.10 ($0.15) dividend. The ex-dividend date of this dividend is Thursday, October 19th. This represents a dividend yield of 2.01%.
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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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