Capita PLC (CPI) Given “Reduce” Rating at Peel Hunt
Other analysts have also issued reports about the company. Numis Securities Ltd reissued a buy rating and issued a GBX 850 ($11.18) price target on shares of Capita PLC in a research note on Friday, September 8th. Jefferies Group LLC restated a buy rating and issued a GBX 750 ($9.86) price objective on shares of Capita PLC in a report on Friday, September 8th. Deutsche Bank AG cut their price objective on Capita PLC from GBX 640 ($8.42) to GBX 580 ($7.63) and set a hold rating on the stock in a report on Tuesday, October 24th. BNP Paribas restated a neutral rating and issued a GBX 530 ($6.97) price objective on shares of Capita PLC in a report on Wednesday, July 12th. Finally, Shore Capital restated a sell rating on shares of Capita PLC in a report on Monday, October 23rd. Three analysts have rated the stock with a sell rating, nine have assigned a hold rating and three have issued a buy rating to the company’s stock. Capita PLC presently has an average rating of Hold and a consensus price target of GBX 597.07 ($7.85).
Shares of Capita PLC (CPI) traded down GBX 4 ($0.05) during trading hours on Monday, reaching GBX 516 ($6.79). The company’s stock had a trading volume of 1,369,559 shares, compared to its average volume of 1,970,000. Capita PLC has a 12-month low of GBX 431.30 ($5.67) and a 12-month high of GBX 721 ($9.48).
The company also recently announced a dividend, which will be paid on Thursday, November 30th. Stockholders of record on Thursday, October 19th will be given a GBX 11.10 ($0.15) dividend. The ex-dividend date of this dividend is Thursday, October 19th. This represents a dividend yield of 2.01%.
In related news, insider Ian Powell acquired 3,400 shares of Capita PLC stock in a transaction that occurred on Tuesday, October 10th. The stock was acquired at an average price of GBX 580 ($7.63) per share, for a total transaction of £19,720 ($25,937.13). Also, insider Matthew Lester acquired 8,698 shares of Capita PLC stock in a transaction that occurred on Wednesday, October 11th. The shares were bought at an average price of GBX 570 ($7.50) per share, with a total value of £49,578.60 ($65,209.26). In the last quarter, insiders bought 12,158 shares of company stock valued at $6,965,272.
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, Customer Management, Capita Europe and Insurance & Benefits Services.
Receive News & Ratings for Capita PLC Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Capita PLC and related companies with MarketBeat.com's FREE daily email newsletter.