Capita (CPI) Stock Price Up 3.3%
Capita PLC (LON:CPI) rose 3.3% during mid-day trading on Wednesday . The company traded as high as GBX 192.10 ($2.65) and last traded at GBX 189.50 ($2.62). Approximately 5,171,777 shares were traded during mid-day trading, a decline of 31% from the average daily volume of 7,480,000 shares. The stock had previously closed at GBX 183.45 ($2.53).
CPI has been the topic of a number of analyst reports. Shore Capital reaffirmed a “sell” rating on shares of Capita in a research report on Monday. Deutsche Bank reduced their price target on Capita from GBX 640 ($8.84) to GBX 580 ($8.01) and set a “hold” rating on the stock in a research report on Tuesday, October 24th. JPMorgan Chase & Co. reaffirmed a “neutral” rating and issued a GBX 418 ($5.78) price target on shares of Capita in a research report on Thursday, February 1st. Numis Securities reaffirmed a “buy” rating and issued a GBX 565 ($7.81) price target on shares of Capita in a research report on Friday, December 15th. Finally, Citigroup reaffirmed a “neutral” rating and issued a GBX 535 ($7.39) price target (down previously from GBX 640 ($8.84)) on shares of Capita in a research report on Monday, November 13th. Two investment analysts have rated the stock with a sell rating, ten have issued a hold rating and three have given a buy rating to the stock. The stock has an average rating of “Hold” and a consensus target price of GBX 404.80 ($5.59).
The firm has a market capitalization of $1,260.00 and a price-to-earnings ratio of 18,950.00.
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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