Credit Suisse Group AG Cuts Capita PLC (CPI) Price Target to GBX 675
Capita PLC (LON:CPI) had its price objective trimmed by Credit Suisse Group AG from GBX 980 ($12.13) to GBX 675 ($8.35) in a report issued on Wednesday morning, StockTargetPrices.com reports. The brokerage currently has a neutral rating on the stock.
Several other analysts have also recently commented on the company. Jefferies Group reduced their price target on Capita PLC from GBX 1,340 ($16.58) to GBX 815 ($10.09) and set a buy rating for the company in a report on Tuesday, October 4th. BNP Paribas reissued a neutral rating and issued a GBX 950 ($11.76) price target on shares of Capita PLC in a report on Monday, October 3rd. Panmure Gordon cut Capita PLC to a sell rating in a report on Friday, September 30th. Numis Securities Ltd raised Capita PLC to a buy rating and reduced their price target for the company from GBX 1,115 ($13.80) to GBX 890 ($11.01) in a report on Friday, September 30th. Finally, JPMorgan Chase & Co. reduced their price target on Capita PLC from GBX 1,080 ($13.37) to GBX 760 ($9.41) and set a neutral rating for the company in a report on Friday, September 30th. Two analysts have rated the stock with a sell rating, eight have assigned a hold rating and six have issued a buy rating to the stock. The stock presently has a consensus rating of Hold and a consensus target price of GBX 1,022.44 ($12.65).
Capita PLC (LON:CPI) opened at 599.4499 on Wednesday. The firm’s market cap is GBX 3998.96 billion. The stock has a 50 day moving average price of GBX 933.19 and a 200 day moving average price of GBX 992.48. Capita PLC has a 52 week low of GBX 592.00 and a 52 week high of GBX 1,306.00.
The firm also recently disclosed a dividend, which will be paid on Wednesday, November 30th. Stockholders of record on Thursday, October 20th will be given a GBX 11.10 ($0.14) dividend. This represents a dividend yield of 1.14%. The ex-dividend date is Thursday, October 20th.
In other news, insider Nick Greatorex bought 1,461 shares of Capita PLC stock in a transaction that occurred on Friday, September 30th. The shares were purchased at an average price of GBX 679 ($8.40) per share, for a total transaction of £9,920.19 ($12,277.46). Also, insider Ian Powell bought 2,000 shares of Capita PLC stock in a transaction that occurred on Thursday, September 29th. The stock was purchased at an average price of GBX 699 ($8.65) per share, for a total transaction of £13,980 ($17,301.98).
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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