Capita (CPI) Cut to Hold at HSBC

Capita (LON:CPI) was downgraded by HSBC to a “hold” rating in a research report issued to clients and investors on Wednesday. They presently have a GBX 200 ($2.80) price objective on the stock, down from their prior price objective of GBX 640 ($8.97). HSBC’s price objective would suggest a potential upside of 2.67% from the company’s previous close.

A number of other brokerages also recently weighed in on CPI. Shore Capital restated a “sell” rating on shares of Capita in a research note on Tuesday, October 10th. Deutsche Bank cut their target price on Capita from GBX 640 ($8.97) to GBX 580 ($8.13) and set a “hold” rating on the stock in a research note on Tuesday, October 24th. Numis Securities cut their target price on Capita from GBX 850 ($11.92) to GBX 800 ($11.22) and set a “buy” rating on the stock in a research note on Wednesday, November 1st. Peel Hunt restated a “reduce” rating and issued a GBX 662 ($9.28) target price on shares of Capita in a research note on Monday, November 6th. Finally, Citigroup restated a “neutral” rating and issued a GBX 535 ($7.50) target price (down previously from GBX 640 ($8.97)) on shares of Capita in a research note on Monday, November 13th. Two equities research analysts have rated the stock with a sell rating, ten have issued a hold rating and three have given a buy rating to the stock. The stock has an average rating of “Hold” and an average price target of GBX 436.20 ($6.12).

Capita (LON CPI) opened at GBX 194.80 ($2.73) on Wednesday. Capita has a 12 month low of GBX 151.52 ($2.12) and a 12 month high of GBX 721 ($10.11). The firm has a market capitalization of $1,300.00 and a P/E ratio of 19,480.00.

ILLEGAL ACTIVITY WARNING: This piece was reported by American Banking News and is owned by of American Banking News. If you are reading this piece on another publication, it was stolen and republished in violation of US & international trademark & copyright laws. The correct version of this piece can be viewed at https://www.americanbankingnews.com/2018/02/07/capita-cpi-cut-to-hold-at-hsbc.html.

Capita 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, Customer Management, Capita Europe and Insurance & Benefits Services.

Analyst Recommendations for Capita (LON:CPI)

Receive News & Ratings for Capita Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Capita and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply