Capita PLC (LON:CPI) was downgraded by investment analysts at Panmure Gordon to a “sell” rating in a research note issued on Friday.
CPI has been the subject of several other research reports. Numis Securities Ltd raised Capita PLC to a “buy” rating and decreased their target price for the stock from GBX 1,115 ($14.55) to GBX 890 ($11.62) in a research report on Friday. Peel Hunt decreased their target price on Capita PLC from GBX 1,087 ($14.19) to GBX 979 ($12.78) and set a “hold” rating for the company in a research report on Friday, September 2nd. Goldman Sachs Group Inc. reaffirmed a “sell” rating and issued a GBX 987 ($12.88) target price on shares of Capita PLC in a research report on Thursday, September 8th. BNP Paribas reaffirmed a “neutral” rating and issued a GBX 950 ($12.40) target price on shares of Capita PLC in a research report on Monday, August 22nd. Finally, JPMorgan Chase & Co. reiterated a “neutral” rating on shares of Capita PLC in a research note on Wednesday, September 21st. Two equities research analysts have rated the stock with a sell rating, eight have issued a hold rating and six have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average price target of GBX 1,022.44 ($13.35).
Capita PLC (LON:CPI) opened at 672.34 on Friday. The company’s 50-day moving average price is GBX 986.24 and its 200-day moving average price is GBX 1,006.81. Capita PLC has a 1-year low of GBX 652.00 and a 1-year high of GBX 1,306.00. The stock’s market cap is GBX 4.47 billion.
The firm also recently disclosed a dividend, which will be paid on Wednesday, November 30th. Investors of record on Thursday, October 20th will be issued a GBX 11.10 ($0.14) dividend. This represents a yield of 1.14%. The ex-dividend date is Thursday, October 20th.
In other Capita PLC news, insider Nick Greatorex acquired 1,461 shares of the firm’s stock in a transaction that occurred on Friday, September 30th. The stock was acquired at an average cost of GBX 679 ($8.86) per share, with a total value of £9,920.19 ($12,948.95). Also, insider Ian Powell acquired 2,000 shares of the firm’s stock in a transaction that occurred on Thursday, September 29th. The stock was acquired at an average cost of GBX 699 ($9.12) per share, with a total value of £13,980 ($18,248.27).
About Capita PLC
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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