Capita (CPI) Trading Up 2.1%

Capita PLC (LON:CPI) was up 2.1% during mid-day trading on Friday . The company traded as high as GBX 426.70 ($5.71) and last traded at GBX 423.40 ($5.66). Approximately 3,992,566 shares traded hands during trading, an increase of 57% from the average daily volume of 2,550,000 shares. The stock had previously closed at GBX 414.60 ($5.54).

A number of equities research analysts have issued reports on CPI shares. Peel Hunt reissued a “reduce” rating and set a GBX 662 ($8.85) price target on shares of Capita in a research report on Monday, November 6th. Shore Capital reissued a “sell” rating on shares of Capita in a research report on Tuesday, October 10th. Citigroup reissued a “neutral” rating and set a GBX 535 ($7.15) price target (down previously from GBX 640 ($8.56)) on shares of Capita in a research report on Monday, November 13th. Numis Securities reissued a “buy” rating and set a GBX 850 ($11.37) price target on shares of Capita in a research report on Friday, September 8th. Finally, Jefferies Group reissued a “buy” rating and set a GBX 750 ($10.03) price target on shares of Capita in a research report on Friday, September 8th. Two analysts have rated the stock with a sell rating, eight have issued a hold rating and three have assigned a buy rating to the company. Capita currently has an average rating of “Hold” and an average target price of GBX 542.85 ($7.26).

The stock has a market cap of $2,830.00 and a P/E ratio of 42,340.00.

In other news, insider Ian Powell acquired 3,400 shares of the business’s stock in a transaction on Tuesday, October 10th. The shares were 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 acquired 8,698 shares of the business’s stock in a transaction on Wednesday, October 11th. The shares were purchased at an average price of GBX 570 ($7.62) per share, for a total transaction of £49,578.60 ($66,290.41). In the last quarter, insiders purchased 12,200 shares of company stock worth $6,982,484.

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Capita 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, Customer Management, Capita Europe and Insurance & Benefits Services.

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