Peel Hunt Reiterates Reduce Rating for Capita plc (CPI)

Capita plc (LON:CPI)‘s stock had its “reduce” rating reissued by stock analysts at Peel Hunt in a research note issued on Monday, November 6th. They presently have a GBX 662 ($8.71) price target on the stock. Peel Hunt’s target price would indicate a potential upside of 41.66% from the stock’s current price.

CPI has been the topic of several other reports. Shore Capital reissued a “sell” rating on shares of Capita in a report on Tuesday, October 10th. BNP Paribas reissued a “neutral” rating and set a GBX 530 ($6.97) price objective on shares of Capita in a report on Wednesday, July 12th. Numis Securities Ltd reissued a “buy” rating and set a GBX 850 ($11.18) price objective on shares of Capita in a report on Friday, September 8th. Jefferies Group LLC reissued a “buy” rating and set a GBX 750 ($9.86) price objective on shares of Capita in a report on Friday, September 8th. Finally, Panmure Gordon reaffirmed a “sell” rating on shares of Capita in a report on Friday, September 29th. Three 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’s stock. The stock has an average rating of “Hold” and a consensus target price of GBX 590.07 ($7.76).

Shares of Capita (CPI) traded down GBX 14.10 ($0.19) during midday trading on Monday, reaching GBX 467.30 ($6.15). 1,326,490 shares of the company’s stock traded hands, compared to its average volume of 2,250,000. Capita has a twelve month low of GBX 431.30 ($5.67) and a twelve month high of GBX 721 ($9.48).

In other news, insider Matthew Lester acquired 8,698 shares of the firm’s stock in a transaction on Wednesday, October 11th. The stock was acquired at an average price of GBX 570 ($7.50) per share, for a total transaction of £49,578.60 ($65,209.26). Also, insider Ian Powell bought 3,400 shares of the business’s stock in a transaction dated Tuesday, October 10th. The shares were bought at an average cost of GBX 580 ($7.63) per share, with a total value of £19,720 ($25,937.13). In the last quarter, insiders acquired 12,190 shares of company stock valued at $6,981,880.

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About Capita

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.

Analyst Recommendations for Capita (LON:CPI)

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