Capita PLC (CPI) PT Lowered to GBX 600
Capita PLC (LON:CPI) had its price objective lowered by research analysts at Royal Bank Of Canada from GBX 700 ($8.66) to GBX 600 ($7.43) in a research note issued on Thursday. The brokerage currently has a “sector perform” rating on the stock. Royal Bank Of Canada’s target price indicates a potential upside of 0.93% from the company’s previous close.
Several other research analysts have also issued reports on the company. Jefferies Group reaffirmed a “buy” rating and set a GBX 1,340 ($16.58) target price on shares of Capita PLC in a research report on Tuesday, July 12th. Deutsche Bank AG reduced their target price on Capita PLC from GBX 1,250 ($15.47) to GBX 1,170 ($14.48) and set a “buy” rating on the stock in a research report on Wednesday, June 29th. Numis Securities Ltd raised Capita PLC to a “buy” rating and reduced their target price for the company from GBX 1,115 ($13.80) to GBX 890 ($11.01) in a research report on Friday, September 30th. Barclays PLC reduced their target price on Capita PLC from GBX 1,235 ($15.28) to GBX 1,100 ($13.61) and set an “equal weight” rating on the stock in a research report on Monday, July 25th. Finally, Peel Hunt reaffirmed a “hold” rating and set a GBX 1,087 ($13.45) target price on shares of Capita PLC in a research report on Tuesday, June 21st. Two analysts have rated the stock with a sell rating, nine have issued a hold rating and five have assigned a buy rating to the company. Capita PLC has an average rating of “Hold” and an average target price of GBX 951.69 ($11.78).
Capita PLC (LON:CPI) opened at 591.00 on Thursday. Capita PLC has a 1-year low of GBX 572.16 and a 1-year high of GBX 1,306.00. The stock has a 50 day moving average price of GBX 886.00 and a 200 day moving average price of GBX 980.98. The company’s market cap is GBX 3.93 billion.
The firm also recently declared a dividend, which will be paid on Wednesday, November 30th. Shareholders of record on Thursday, October 20th will be given a dividend of GBX 11.10 ($0.14) per share. 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 1,671 shares of Capita PLC stock in a transaction on Monday, October 10th. The stock was acquired at an average price of GBX 594 ($7.35) per share, with a total value of £9,925.74 ($12,284.33). Also, insider Ian Powell bought 2,000 shares of Capita PLC stock in a transaction on Thursday, September 29th. The shares were purchased at an average cost of GBX 699 ($8.65) per share, with a total value of £13,980 ($17,301.98).
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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