Capita PLC (CPI) Given “Neutral” Rating at BNP Paribas
BNP Paribas reiterated their neutral rating on shares of Capita PLC (LON:CPI) in a research report report published on Monday morning. They currently have a GBX 950 ($12.40) target price on the stock.
Several other equities research analysts have also recently commented on CPI. Peel Hunt reaffirmed a hold rating and issued a GBX 1,087 ($14.19) target price on shares of Capita PLC in a research report on Tuesday, June 21st. Goldman Sachs Group Inc. reaffirmed a sell rating and issued a GBX 894 ($11.67) target price on shares of Capita PLC in a research report on Monday, June 27th. Credit Suisse Group AG cut shares of Capita PLC to a neutral rating and dropped their target price for the stock from GBX 1,250 ($16.32) to GBX 900 ($11.75) in a research report on Tuesday, June 28th. Deutsche Bank AG dropped their target price on shares of Capita PLC from GBX 1,250 ($16.32) to GBX 1,170 ($15.27) and set a buy rating for the company in a research report on Wednesday, June 29th. Finally, JPMorgan Chase & Co. reaffirmed a neutral rating on shares of Capita PLC in a research report on Wednesday, June 29th. Two investment analysts have rated the stock with a sell rating, eight have assigned a hold rating and six have given a buy rating to the stock. Capita PLC presently has an average rating of Hold and an average target price of GBX 1,022.44 ($13.35).
Capita PLC (LON:CPI) traded up 0.82% on Monday, reaching GBX 673.50. 2,622,077 shares of the company’s stock were exchanged. Capita PLC has a 52-week low of GBX 652.00 and a 52-week high of GBX 1,306.00. The firm’s 50 day moving average price is GBX 986.24 and its 200 day moving average price is GBX 1,006.81. The company’s market cap is GBX 4.48 billion.
The business also recently declared a dividend, which will be paid on Wednesday, November 30th. Stockholders of record on Thursday, October 20th will be issued a dividend of GBX 11.10 ($0.14) per share. This represents a dividend yield of 1.14%. The ex-dividend date is Thursday, October 20th.
In related news, insider Ian Powell purchased 2,000 shares of the company’s stock in a transaction dated Thursday, September 29th. The shares were purchased at an average price of GBX 699 ($9.12) per share, with a total value of £13,980 ($18,248.27). Also, insider Nick Greatorex purchased 1,461 shares of the company’s stock in a transaction dated Friday, September 30th. The shares were bought at an average cost of GBX 679 ($8.86) per share, for a total transaction 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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