Shares of Capita plc (LON:CPI) have been assigned a consensus recommendation of “Hold” from the nine research firms that are presently covering the firm, MarketBeat.com reports. Six investment analysts have rated the stock with a hold recommendation and three have given a buy recommendation to the company. The average 1 year price target among analysts that have issued a report on the stock in the last year is GBX 69.57 ($0.91).
CPI has been the subject of several research reports. Peel Hunt reissued a “hold” rating and set a GBX 41 ($0.54) price objective on shares of Capita in a research note on Wednesday, February 17th. Peel Hunt restated a “hold” rating and set a GBX 41 ($0.54) target price on shares of Capita in a report on Wednesday, February 17th. Numis Securities restated an “overweight” rating and set a GBX 80 ($1.05) target price on shares of Capita in a report on Thursday, March 18th. Finally, Shore Capital restated a “hold” rating on shares of Capita in a report on Wednesday, March 17th.
In related news, insider David S. Lowden bought 38,974 shares of the company’s stock in a transaction dated Tuesday, May 11th. The stock was bought at an average price of GBX 42 ($0.55) per share, with a total value of £16,369.08 ($21,386.31). Insiders bought a total of 40,100 shares of company stock valued at $1,688,548 in the last three months.
Capita plc provides consulting, digital, and software products and services to clients in the private and public sectors. It operates through six divisions: Software, People Solutions, Customer Management, Government Services, Technology Solutions, and Specialist Services. The company offers application software and other solutions, such as automation, critical communication system, finance and payment, management information system, workforce management, and education software products and services; and people solutions, including human resources advisory and digitally enabled services comprising learning, resourcing, pensions, and HR outsourcing services.
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