Peel Hunt Reaffirms Reduce Rating for Capita PLC (CPI)
Peel Hunt reissued their reduce rating on shares of Capita PLC (LON:CPI) in a research report report published on Thursday morning. The firm currently has a GBX 600 ($8.09) price objective on the stock.
Several other research firms also recently issued reports on CPI. Jefferies Group LLC reaffirmed a buy rating and set a GBX 750 ($10.11) price target on shares of Capita PLC in a research note on Monday, June 26th. Numis Securities Ltd reaffirmed a buy rating and set a GBX 750 ($10.11) price target on shares of Capita PLC in a research note on Wednesday, June 14th. J P Morgan Chase & Co reaffirmed a neutral rating and set a GBX 510 ($6.88) price target on shares of Capita PLC in a research note on Wednesday, June 14th. BNP Paribas reaffirmed a neutral rating and set a GBX 530 ($7.15) price target on shares of Capita PLC in a research note on Wednesday, July 12th. Finally, HSBC Holdings plc raised Capita PLC to a buy rating and lifted their price target for the stock from GBX 590 ($7.95) to GBX 820 ($11.06) in a research note on Wednesday, June 21st. Three equities research analysts have rated the stock with a sell rating, nine have given a hold rating and three have assigned a buy rating to the stock. The stock currently has a consensus rating of Hold and a consensus target price of GBX 600.27 ($8.09).
Shares of Capita PLC (LON:CPI) opened at 563.00 on Thursday. The stock has a 50 day moving average of GBX 648.59 and a 200-day moving average of GBX 610.56. Capita PLC has a 12 month low of GBX 431.30 and a 12 month high of GBX 991.50. The firm’s market capitalization is GBX 3.75 billion.
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In other news, insider Ian Powell bought 3,000 shares of the business’s stock in a transaction that occurred on Wednesday, June 28th. The stock was purchased at an average price of GBX 701 ($9.45) per share, with a total value of £21,030 ($28,353.78). Insiders purchased a total of 3,078 shares of company stock valued at $2,153,757 in the last three months.
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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