Goldman Sachs Group Trims Capita (CPI) Target Price to GBX 150

Capita (LON:CPI) had its price objective decreased by analysts at Goldman Sachs Group from GBX 155 ($2.03) to GBX 150 ($1.96) in a research report issued on Friday. The brokerage presently has a “neutral” rating on the stock. Goldman Sachs Group’s target price would indicate a potential upside of 23.36% from the company’s current price.

Several other brokerages also recently weighed in on CPI. Deutsche Bank cut their price target on Capita from GBX 175 ($2.29) to GBX 151 ($1.97) and set a “hold” rating for the company in a report on Thursday, November 15th. Barclays reiterated an “overweight” rating on shares of Capita in a report on Friday. Peel Hunt reiterated a “hold” rating and issued a GBX 127 ($1.66) price target on shares of Capita in a report on Wednesday. Finally, Shore Capital restated a “hold” rating on shares of Capita in a report on Friday, March 8th. Eight analysts have rated the stock with a hold rating and seven have given a buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus target price of GBX 166.42 ($2.17).

Shares of CPI opened at GBX 121.60 ($1.59) on Friday. The firm has a market capitalization of $1.97 billion and a price-to-earnings ratio of -15.20. Capita has a fifty-two week low of GBX 78.69 ($1.03) and a fifty-two week high of GBX 173.85 ($2.27).

Capita Company Profile

Capita plc provides customer management, administration, and professional support services to clients in the private and public sectors. The company offers business process management, business transformation, corporate and administration, customer management, digital and software solution, financial, HR and recruitment, information technology, legal, procurement, property and infrastructure, start-up development, and travel and event services.

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