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.
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.
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