Capita PLC (CPI) Price Target Lowered to GBX 760 at JPMorgan Chase & Co.
Capita PLC (LON:CPI) had its price target lowered by JPMorgan Chase & Co. from GBX 1,080 ($14.10) to GBX 760 ($9.92) in a report released on Friday morning. The firm currently has a neutral rating on the stock.
A number of other equities analysts have also commented on the stock. Shore Capital reiterated a hold rating on shares of Capita PLC in a report on Thursday. Credit Suisse Group AG restated a neutral rating and issued a GBX 980 ($12.79) target price on shares of Capita PLC in a report on Thursday. Peel Hunt restated a hold rating and issued a GBX 979 ($12.78) target price on shares of Capita PLC in a report on Thursday. BNP Paribas restated a neutral rating and issued a GBX 950 ($12.40) target price on shares of Capita PLC in a report on Monday, September 26th. Finally, Goldman Sachs Group Inc. restated a sell rating and issued a GBX 987 ($12.88) target price on shares of Capita PLC in a report on Thursday, September 8th. Two equities research analysts have rated the stock with a sell rating, eight have given a hold rating and six have issued a buy rating to the company. Capita PLC presently has an average rating of Hold and an average target price of GBX 1,074.31 ($14.02).
Capita PLC (LON:CPI) traded down 1.13% during trading on Friday, hitting GBX 662.42. 3,174,568 shares of the stock were exchanged. The firm’s market cap is GBX 4.41 billion. The firm’s 50-day moving average is GBX 995.61 and its 200 day moving average is GBX 1,009.99. Capita PLC has a 52 week low of GBX 652.00 and a 52 week high of GBX 1,306.00.
The company also recently disclosed a dividend, which will be paid on Wednesday, November 30th. Shareholders of record on Thursday, October 20th will be given a GBX 11.10 ($0.14) dividend. This represents a yield of 1.14%. The ex-dividend date of this dividend is Thursday, October 20th.
In other news, insider Ian Powell acquired 2,000 shares of Capita PLC stock in a transaction on Thursday, September 29th. The stock was acquired at an average cost of GBX 699 ($9.12) per share, with a total value of £13,980 ($18,248.27). Also, insider Nick Greatorex acquired 1,461 shares of Capita PLC stock in a transaction on Friday, September 30th. The stock was purchased at an average cost of GBX 679 ($8.86) per share, with a total value of £9,920.19 ($12,948.95).
About Capita PLC
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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