Capita (CPI) Shares Down 0% Following Analyst Downgrade
Shares of Capita PLC (LON:CPI) were down 0% during trading on Thursday after Credit Suisse Group lowered their price target on the stock from GBX 550 to GBX 455. Credit Suisse Group currently has a neutral rating on the stock. Capita traded as low as GBX 387.50 ($5.18) and last traded at GBX 414.60 ($5.54). Approximately 3,680,000 shares traded hands during mid-day trading, an increase of 48% from the average daily volume of 2,480,000 shares. The stock had previously closed at GBX 414.60 ($5.54).
A number of other analysts also recently commented on the stock. Peel Hunt reiterated a “reduce” rating and issued a GBX 662 ($8.85) price objective on shares of Capita in a report on Monday, November 6th. Jefferies Group reiterated a “buy” rating and issued a GBX 750 ($10.03) price objective on shares of Capita in a report on Friday, September 8th. Citigroup reiterated a “neutral” rating and issued a GBX 535 ($7.15) price objective (down previously from GBX 640 ($8.56)) on shares of Capita in a report on Monday, November 13th. Shore Capital reiterated a “sell” rating on shares of Capita in a report on Thursday, December 14th. Finally, Deutsche Bank cut their price objective on shares of Capita from GBX 640 ($8.56) to GBX 580 ($7.76) and set a “hold” rating for the company in a report on Tuesday, October 24th. Two analysts have rated the stock with a sell rating, eight have assigned a hold rating and three have assigned a buy rating to the company. Capita has an average rating of “Hold” and an average price target of GBX 542.85 ($7.26).
In related news, insider Ian Powell bought 3,400 shares of the company’s stock in a transaction that occurred on Tuesday, October 10th. The stock was purchased at an average price of GBX 580 ($7.76) per share, for a total transaction of £19,720 ($26,367.16). 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 bought at an average price of GBX 570 ($7.62) per share, with a total value of £49,578.60 ($66,290.41). Insiders have bought a total of 12,200 shares of company stock valued at $6,982,484 in the last 90 days.
The company has a market cap of $2,770.00 and a price-to-earnings ratio of 41,460.00.
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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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