Capita PLC (CPI) Price Target Cut to GBX 500 by Analysts at Royal Bank Of Canada
Capita PLC (LON:CPI) had its price target decreased by equities researchers at Royal Bank Of Canada from GBX 600 ($7.44) to GBX 500 ($6.20) in a report released on Wednesday. The brokerage currently has a “sector performer” rating on the stock. Royal Bank Of Canada’s price target indicates a potential downside of 10.31% from the stock’s current price.
Several other equities analysts have also recently weighed in on CPI. Goldman Sachs Group Inc. reiterated a “sell” rating and set a GBX 987 ($12.24) price objective on shares of Capita PLC in a report on Thursday, September 8th. Peel Hunt cut their price objective on Capita PLC from GBX 1,087 ($13.48) to GBX 979 ($12.14) and set a “hold” rating on the stock in a report on Friday, September 2nd. BNP Paribas reiterated a “neutral” rating and set a GBX 950 ($11.79) price objective on shares of Capita PLC in a report on Monday, September 12th. Credit Suisse Group AG lifted their price objective on Capita PLC from GBX 900 ($11.16) to GBX 980 ($12.16) and gave the company a “neutral” rating in a report on Friday, August 19th. Finally, JPMorgan Chase & Co. reiterated a “neutral” rating on shares of Capita PLC in a report on Wednesday, September 21st. Four research analysts have rated the stock with a sell rating, eight have given a hold rating and four have assigned a buy rating to the company. The company presently has a consensus rating of “Hold” and an average target price of GBX 892.31 ($11.07).
Capita PLC (LON:CPI) traded down 5.87% during trading on Wednesday, reaching GBX 524.75. The company had a trading volume of 6,108,945 shares. Capita PLC has a 52-week low of GBX 513.15 and a 52-week high of GBX 1,291.00. The company’s market capitalization is GBX 3.49 billion. The company has a 50 day moving average price of GBX 584.68 and a 200 day moving average price of GBX 883.28.
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In other Capita PLC news, insider Ian Powell bought 2,000 shares of the firm’s stock in a transaction that occurred on Thursday, September 29th. The shares were acquired at an average cost of GBX 699 ($8.67) per share, with a total value of £13,980 ($17,342.76). Also, insider Nick Greatorex bought 1,671 shares of the firm’s stock in a transaction that occurred on Monday, October 10th. The shares were acquired at an average cost of GBX 594 ($7.37) per share, for a total transaction of £9,925.74 ($12,313.29).
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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