Capita PLC (CPI) Price Target Lowered to GBX 580 at Deutsche Bank AG
Capita PLC (LON:CPI) had its price objective lowered by Deutsche Bank AG from GBX 640 ($8.45) to GBX 580 ($7.65) in a note issued to investors on Tuesday. The firm currently has a “hold” rating on the stock. Deutsche Bank AG’s price target suggests a potential upside of 10.58% from the stock’s current price.
Other equities research analysts have also issued reports about the stock. Shore Capital reiterated a “sell” rating on shares of Capita PLC in a research note on Monday. Peel Hunt reiterated a “reduce” rating and set a GBX 600 ($7.92) price target on shares of Capita PLC in a research note on Thursday, September 21st. Panmure Gordon reiterated a “sell” rating on shares of Capita PLC in a research note on Friday, September 29th. Jefferies Group LLC reiterated a “buy” rating and set a GBX 750 ($9.90) price target on shares of Capita PLC in a research note on Monday, June 26th. Finally, Citigroup Inc. lifted their price target on shares of Capita PLC from GBX 610 ($8.05) to GBX 640 ($8.45) and gave the stock a “neutral” rating in a research note 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 company’s stock. The company has a consensus rating of “Hold” and an average target price of GBX 596.27 ($7.87).
Capita PLC (CPI) opened at 522.50 on Tuesday. The company has a 50 day moving average price of GBX 585.06 and a 200 day moving average price of GBX 611.47. The firm’s market capitalization is GBX 3.48 billion. Capita PLC has a 52-week low of GBX 431.30 and a 52-week high of GBX 721.00.
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In other news, insider Matthew Lester bought 8,698 shares of the stock in a transaction dated Wednesday, October 11th. The shares were acquired at an average price of GBX 570 ($7.52) per share, with a total value of £49,578.60 ($65,424.39). Also, insider Ian Powell bought 3,400 shares of the stock in a transaction dated Tuesday, October 10th. The stock was purchased at an average cost of GBX 580 ($7.65) per share, for a total transaction of £19,720 ($26,022.70). In the last ninety days, insiders bought 12,183 shares of company stock worth $6,982,047.
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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