Capita plc (CPI) Receives Average Rating of “Hold” from Analysts
Shares of Capita plc (LON:CPI) have earned a consensus recommendation of “Hold” from the fourteen ratings firms that are presently covering the stock, Marketbeat.com reports. Three research analysts have rated the stock with a sell recommendation, eight have issued a hold recommendation and three have assigned a buy recommendation to the company. The average 1-year price objective among brokers that have covered the stock in the last year is GBX 616.42 ($8.30).
CPI has been the topic of several research analyst reports. Deutsche Bank decreased their price objective on shares of Capita from GBX 640 ($8.61) to GBX 580 ($7.81) and set a “hold” rating on the stock in a research note on Tuesday, October 24th. Citigroup reissued a “neutral” rating and set a GBX 535 ($7.20) price target (down from GBX 640 ($8.61)) on shares of Capita in a research note on Monday, November 13th. Jefferies Group reissued a “buy” rating and set a GBX 750 ($10.09) price target on shares of Capita in a research note on Friday, September 8th. Peel Hunt increased their price target on shares of Capita from GBX 466 ($6.27) to GBX 600 ($8.08) and gave the company a “reduce” rating in a research note on Thursday, September 7th. Finally, Numis Securities decreased their price target on shares of Capita from GBX 850 ($11.44) to GBX 800 ($10.77) and set a “buy” rating on the stock in a research note on Wednesday, November 1st.
In related news, insider Matthew Lester acquired 8,698 shares of the company’s stock in a transaction that occurred on Wednesday, October 11th. The shares were acquired at an average cost of GBX 570 ($7.67) per share, for a total transaction of £49,578.60 ($66,727.59). Also, insider Ian Powell acquired 3,400 shares of the company’s stock in a transaction that occurred on Tuesday, October 10th. The shares were bought at an average price of GBX 580 ($7.81) per share, for a total transaction of £19,720 ($26,541.05). Over the last quarter, insiders acquired 12,162 shares of company stock worth $6,964,548.
The firm also recently disclosed a dividend, which was paid on Thursday, November 30th. Investors of record on Thursday, October 19th were issued a GBX 11.10 ($0.15) dividend. The ex-dividend date was Thursday, October 19th. This represents a yield of 2.01%.
WARNING: “Capita plc (CPI) Receives Average Rating of “Hold” from Analysts” was first published by American Banking News and is owned by of American Banking News. If you are accessing this piece on another domain, it was stolen and reposted in violation of United States & international copyright & trademark laws. The original version of this piece can be accessed at https://www.americanbankingnews.com/2017/12/08/capita-plc-cpi-receives-average-rating-of-hold-from-analysts.html.
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, Customer Management, Capita Europe and Insurance & Benefits Services.
Receive News & Ratings for Capita plc Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Capita plc and related companies with MarketBeat.com's FREE daily email newsletter.