Capita plc (LON:CPI) shares dropped 0% during mid-day trading on Thursday . The company traded as low as GBX 463.50 ($6.21) and last traded at GBX 466.50 ($6.25). Approximately 5,920,537 shares changed hands during trading, an increase of 198% from the average daily volume of 1,990,000 shares. The stock had previously closed at GBX 466.50 ($6.25).

CPI has been the subject of a number of analyst reports. Deutsche Bank reduced their target price on shares of Capita from GBX 640 ($8.57) to GBX 580 ($7.77) and set a “hold” rating for the company in a research note on Tuesday, October 24th. Citigroup reissued a “neutral” rating and set a GBX 535 ($7.16) target price (down from GBX 640 ($8.57)) on shares of Capita in a research note on Monday, November 13th. Jefferies Group reissued a “buy” rating and set a GBX 750 ($10.04) target price on shares of Capita in a research note on Friday, September 8th. Peel Hunt boosted their target price on shares of Capita from GBX 466 ($6.24) to GBX 600 ($8.04) and gave the company a “reduce” rating in a research note on Thursday, September 7th. Finally, Numis Securities reduced their target price on shares of Capita from GBX 850 ($11.38) to GBX 800 ($10.71) and set a “buy” rating for the company in a research note on Wednesday, November 1st. Three analysts have rated the stock with a sell rating, eight have assigned a hold rating and three have given a buy rating to the company’s stock. Capita has an average rating of “Hold” and an average price target of GBX 596.50 ($7.99).

The business also recently declared a dividend, which was paid on Thursday, November 30th. Stockholders of record on Thursday, October 19th were paid a GBX 11.10 ($0.15) dividend. This represents a dividend yield of 2.01%. The ex-dividend date of this dividend was Thursday, October 19th.

In related news, insider Ian Powell purchased 3,400 shares of Capita stock in a transaction dated Tuesday, October 10th. The stock was bought at an average cost of GBX 580 ($7.77) per share, with a total value of £19,720 ($26,409.54). Also, insider Matthew Lester bought 8,698 shares of the company’s stock in a transaction that occurred on Wednesday, October 11th. The stock was acquired at an average price of GBX 570 ($7.63) per share, for a total transaction of £49,578.60 ($66,396.95). Over the last ninety days, insiders bought 12,190 shares of company stock valued at $6,981,880.

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About Capita

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.

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