Capita PLC (CPI) Price Target Lowered to GBX 815 at Jefferies Group
Capita PLC (LON:CPI) had its target price decreased by Jefferies Group from GBX 1,340 ($17.49) to GBX 815 ($10.64) in a research note released on Tuesday morning. Jefferies Group currently has a buy rating on the stock.
Other equities analysts have also recently issued reports about the stock. Deutsche Bank AG dropped their price objective on shares of Capita PLC from GBX 1,250 ($16.32) to GBX 1,170 ($15.27) and set a buy rating on the stock in a research note on Wednesday, June 29th. Numis Securities Ltd raised shares of Capita PLC to a buy rating and dropped their price objective for the company from GBX 1,115 ($14.55) to GBX 890 ($11.62) in a research note on Friday, September 30th. Barclays PLC dropped their price objective on shares of Capita PLC from GBX 1,235 ($16.12) to GBX 1,100 ($14.36) and set an equal weight rating on the stock in a research note on Monday, July 25th. Peel Hunt reissued a hold rating and issued a GBX 1,087 ($14.19) price objective on shares of Capita PLC in a research note on Tuesday, June 21st. Finally, Panmure Gordon raised shares of Capita PLC to a hold rating and set a GBX 900 ($11.75) price objective on the stock in a research note on Friday, July 8th. Two analysts have rated the stock with a sell rating, eight have issued a hold rating and six have given a buy rating to the company’s stock. The company has a consensus rating of Hold and a consensus price target of GBX 1,022.44 ($13.35).
Capita PLC (LON:CPI) opened at 597.00 on Tuesday. The stock has a 50 day moving average of GBX 943.82 and a 200 day moving average of GBX 995.66. Capita PLC has a 1-year low of GBX 592.50 and a 1-year high of GBX 1,306.00. The stock’s market capitalization is GBX 3.97 billion.
The firm also recently disclosed a dividend, which will be paid on Wednesday, November 30th. Investors of record on Thursday, October 20th will be paid a GBX 11.10 ($0.14) dividend. The ex-dividend date of this dividend is Thursday, October 20th. This represents a yield of 1.14%.
In other news, insider Nick Greatorex bought 1,461 shares of Capita PLC stock in a transaction on 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). Also, insider Ian Powell bought 2,000 shares of Capita PLC stock in a transaction on Thursday, September 29th. The stock was purchased at an average price of GBX 699 ($9.12) per share, for a total transaction of £13,980 ($18,248.27).
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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