Capita PLC (CPI) Price Target Lowered to GBX 675 at Credit Suisse Group AG
Capita PLC (LON:CPI) had its target price lowered by equities research analysts at Credit Suisse Group AG from GBX 980 ($12.79) to GBX 675 ($8.81) in a research report issued on Thursday. The brokerage currently has a “neutral” rating on the stock. Credit Suisse Group AG’s target price would suggest a potential upside of 1.05% from the stock’s previous close.
Other equities analysts have also recently issued research reports about the company. Shore Capital reaffirmed a “hold” rating on shares of Capita PLC in a report on Wednesday, July 27th. BNP Paribas reaffirmed a “neutral” rating and issued a GBX 950 ($12.40) price target on shares of Capita PLC in a report on Monday, July 18th. Barclays PLC reduced their price target on Capita PLC from GBX 1,235 ($16.12) to GBX 1,100 ($14.36) and set an “equal weight” rating for the company in a report on Monday, July 25th. Peel Hunt reaffirmed a “hold” rating and issued a GBX 1,087 ($14.19) price target on shares of Capita PLC in a report on Wednesday, July 27th. Finally, Numis Securities Ltd reaffirmed a “hold” rating and issued a GBX 1,115 ($14.55) price target on shares of Capita PLC in a report on Thursday, July 28th. Two 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’s stock. The company has an average rating of “Hold” and a consensus price target of GBX 1,041.50 ($13.59).
Capita PLC (LON:CPI) opened at 673.00 on Thursday. The stock’s market cap is GBX 4.48 billion. Capita PLC has a one year low of GBX 652.00 and a one year high of GBX 1,306.00. The stock has a 50 day moving average price of GBX 986.24 and a 200-day moving average price of GBX 1,006.81.
The firm also recently disclosed a dividend, which will be paid on Wednesday, November 30th. Investors of record on Thursday, October 20th will be given a GBX 11.10 ($0.14) dividend. The ex-dividend date is Thursday, October 20th. This represents a yield of 1.14%.
In other news, insider Ian Powell purchased 2,000 shares of the stock in a transaction dated Thursday, September 29th. The stock was acquired at an average cost of GBX 699 ($9.12) per share, for a total transaction of £13,980 ($18,248.27). Also, insider Nick Greatorex purchased 1,461 shares of the stock in a transaction dated Friday, September 30th. The shares were purchased at an average price of GBX 679 ($8.86) per share, with a total value of £9,920.19 ($12,948.95).
Capita PLC 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, Asset Services, Customer Management, Capita Europe and Insurance & Benefits Services.
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