Capita PLC (LON:CPI) had its target price reduced by investment analysts at Royal Bank Of Canada from GBX 700 ($8.66) to GBX 600 ($7.43) in a report issued on Thursday. The brokerage currently has a “sector perform” rating on the stock. Royal Bank Of Canada’s target price suggests a potential upside of 1.44% from the company’s previous close.
Several other equities analysts also recently commented on CPI. Peel Hunt decreased their price target on shares of Capita PLC from GBX 1,087 ($13.45) to GBX 979 ($12.12) and set a “hold” rating on the stock in a research note on Friday, September 2nd. JPMorgan Chase & Co. restated a “neutral” rating and issued a GBX 1,080 ($13.37) price target on shares of Capita PLC in a research note on Thursday, July 28th. Deutsche Bank AG decreased their price target on shares of Capita PLC from GBX 1,170 ($14.48) to GBX 1,150 ($14.23) and set a “buy” rating on the stock in a research note on Wednesday, August 3rd. Shore Capital restated a “hold” rating on shares of Capita PLC in a research note on Wednesday, July 27th. Finally, BNP Paribas restated a “neutral” rating and issued a GBX 950 ($11.76) price target on shares of Capita PLC in a research note on Monday, August 22nd. Two analysts have rated the stock with a sell rating, nine have given a hold rating and five have assigned a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average price target of GBX 951.69 ($11.78).
Shares of Capita PLC (LON:CPI) traded down 2.54% during midday trading on Thursday, hitting GBX 576.50. 2,722,019 shares of the stock traded hands. Capita PLC has a 52 week low of GBX 572.16 and a 52 week high of GBX 1,306.00. The company’s market capitalization is GBX 3.83 billion. The firm’s 50-day moving average is GBX 907.85 and its 200 day moving average is GBX 986.07.
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. The ex-dividend date is Thursday, October 20th. This represents a yield of 1.14%.
In other news, insider Ian Powell bought 2,000 shares of the firm’s stock in a transaction on Thursday, September 29th. The stock was acquired at an average price of GBX 699 ($8.65) per share, with a total value of £13,980 ($17,301.98). Also, insider Nick Greatorex bought 1,461 shares of the firm’s stock in a transaction on Friday, September 30th. The shares were purchased at an average cost of GBX 679 ($8.40) per share, with a total value of £9,920.19 ($12,277.46).
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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