Capita PLC (CPI) Stock Rating Reaffirmed by Shore Capital

Capita PLC (LON:CPI)‘s stock had its “sell” rating reaffirmed by analysts at Shore Capital in a research report issued to clients and investors on Monday.

Several other research analysts have also weighed in on CPI. Barclays PLC cut their price objective on shares of Capita PLC from GBX 1,100 ($13.70) to GBX 525 ($6.54) and set an “equal weight” rating on the stock in a report on Friday, December 9th. Peel Hunt reiterated a “hold” rating and set a GBX 657 ($8.18) price objective on shares of Capita PLC in a report on Thursday, December 8th. Deutsche Bank AG cut their price objective on shares of Capita PLC from GBX 740 ($9.22) to GBX 590 ($7.35) and set a “hold” rating on the stock in a report on Tuesday, December 6th. Jefferies Group LLC lowered shares of Capita PLC to a “hold” rating and cut their price objective for the stock from GBX 815 ($10.15) to GBX 465 ($5.79) in a report on Wednesday, December 14th. Finally, Canaccord Genuity cut their price objective on shares of Capita PLC from GBX 620 ($7.72) to GBX 540 ($6.73) and set a “hold” rating on the stock in a report on Wednesday, January 11th. Three investment analysts have rated the stock with a sell rating, ten have assigned a hold rating and two have given a buy rating to the stock. Capita PLC currently has an average rating of “Hold” and a consensus target price of GBX 602.07 ($7.50).

Analyst Recommendations for Capita PLC (LON:CPI)

Shares of Capita PLC (LON:CPI) opened at 520.00 on Monday. The stock’s market capitalization is GBX 3.46 billion. Capita PLC has a one year low of GBX 431.30 and a one year high of GBX 1,128.00. The company’s 50-day moving average is GBX 511.71 and its 200-day moving average is GBX 698.06.

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In other Capita PLC news, insider Nick Greatorex bought 2,091 shares of Capita PLC stock in a transaction dated Friday, December 9th. The stock was bought at an average cost of GBX 475 ($5.92) per share, for a total transaction of £9,932.25 ($12,372.01). Also, insider Andy Parker bought 20,000 shares of Capita PLC stock in a transaction dated Monday, December 12th. The shares were acquired at an average price of GBX 476 ($5.93) per share, with a total value of £95,200 ($118,584.95). Over the last quarter, insiders have bought 22,190 shares of company stock valued at $10,564,699.

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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