Capita PLC (LON:CPI) had its target price reduced by Jefferies Group from GBX 1,340 ($17.49) to GBX 815 ($10.64) in a note issued to investors on Tuesday. The brokerage presently has a “buy” rating on the stock. Jefferies Group’s price objective would indicate a potential upside of 24.33% from the stock’s current price.
A number of other research analysts have also weighed in on the stock. Peel Hunt reiterated a “hold” rating and issued a GBX 979 ($12.78) price objective on shares of Capita PLC in a research note on Thursday, September 29th. Panmure Gordon lowered shares of Capita PLC to a “sell” rating in a research report on Friday, September 30th. Goldman Sachs Group Inc. restated a “sell” rating and set a GBX 894 ($11.67) price target on shares of Capita PLC in a research report on Monday, June 27th. JPMorgan Chase & Co. reduced their price target on shares of Capita PLC from GBX 1,080 ($14.10) to GBX 760 ($9.92) and set a “neutral” rating for the company in a research report on Friday, September 30th. Finally, BNP Paribas restated a “neutral” rating and set a GBX 950 ($12.40) price target on shares of Capita PLC in a research report on Monday, September 26th. Two equities research analysts have rated the stock with a sell rating, eight have issued a hold rating and six have assigned a buy rating to the stock. The stock presently has an average rating of “Hold” and an average target price of GBX 1,022.44 ($13.35).
Capita PLC (LON:CPI) opened at 655.50 on Tuesday. The company’s 50-day moving average price is GBX 965.60 and its 200 day moving average price is GBX 1,001.02. Capita PLC has a 12 month low of GBX 652.00 and a 12 month high of GBX 1,306.00. The company’s market capitalization is GBX 4.36 billion.
The firm also recently declared a dividend, which will be paid on Wednesday, November 30th. Shareholders of record on Thursday, October 20th will be paid a GBX 11.10 ($0.14) dividend. This represents a yield of 1.14%. The ex-dividend date of this dividend is Thursday, October 20th.
In other Capita PLC news, insider Ian Powell purchased 2,000 shares of the stock in a transaction 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). Also, insider Nick Greatorex purchased 1,461 shares of the stock in a transaction 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).
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, Asset Services, Customer Management, Capita Europe and Insurance & Benefits Services.
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