Capita PLC (LON:CPI) had its price objective decreased by Numis Securities Ltd from GBX 850 ($11.22) to GBX 800 ($10.56) in a report issued on Wednesday morning. Numis Securities Ltd currently has a buy rating on the stock.
A number of other equities research analysts also recently weighed in on the company. Deutsche Bank AG lowered their price target on Capita PLC from GBX 640 ($8.45) to GBX 580 ($7.65) and set a hold rating on the stock in a research report on Tuesday, October 24th. Shore Capital restated a sell rating on shares of Capita PLC in a research report on Monday, October 23rd. Panmure Gordon restated a sell rating on shares of Capita PLC in a research report on Friday, September 29th. Peel Hunt restated a reduce rating and set a GBX 600 ($7.92) price target on shares of Capita PLC in a research report on Thursday, September 21st. Finally, Jefferies Group LLC restated a buy rating and set a GBX 750 ($9.90) price target on shares of Capita PLC in a research report on Friday, September 8th. Three investment analysts have rated the stock with a sell rating, nine have issued a hold rating and three have given a buy rating to the company. Capita PLC presently has an average rating of Hold and an average price target of GBX 592.93 ($7.82).
Shares of Capita PLC (LON CPI) opened at GBX 524 ($6.91) on Wednesday. Capita PLC has a 12-month low of GBX 431.30 ($5.69) and a 12-month high of GBX 721 ($9.51).
The firm also recently announced a dividend, which will be paid on Thursday, November 30th. Investors of record on Thursday, October 19th will be paid a GBX 11.10 ($0.15) dividend. The ex-dividend date is Thursday, October 19th. This represents a dividend yield of 2.01%.
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 acquired at an average cost of GBX 580 ($7.65) per share, with a total value of £19,720 ($26,022.70). 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 cost of GBX 570 ($7.52) per share, for a total transaction of £49,578.60 ($65,424.39). Insiders purchased 12,183 shares of company stock worth $6,982,047 over the last three months.
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, Customer Management, Capita Europe and Insurance & Benefits Services.
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