Capita (CPI) Trading 5% Higher
Capita PLC (LON:CPI)’s share price traded up 5% during trading on Thursday . The stock traded as high as GBX 180.95 ($2.50) and last traded at GBX 179.80 ($2.48). 4,807,750 shares changed hands during trading, a decline of 40% from the average session volume of 8,020,000 shares. The stock had previously closed at GBX 171.25 ($2.37).
Several equities analysts recently commented on the company. Royal Bank of Canada cut their target price on Capita from GBX 500 ($6.91) to GBX 185 ($2.56) and set a “sector performer” rating for the company in a research report on Thursday, February 1st. JPMorgan Chase & Co. restated a “neutral” rating and set a GBX 418 ($5.78) target price on shares of Capita in a research report on Thursday, February 1st. HSBC downgraded Capita to a “hold” rating and cut their target price for the stock from GBX 640 ($8.84) to GBX 200 ($2.76) in a research report on Wednesday, February 7th. Credit Suisse Group cut their price objective on Capita from GBX 455 ($6.29) to GBX 187 ($2.58) and set a “neutral” rating for the company in a research report on Wednesday, February 14th. Finally, Numis Securities cut their price objective on Capita from GBX 850 ($11.74) to GBX 800 ($11.05) and set a “buy” rating for the company in a research report on Wednesday, November 1st. Two investment analysts have rated the stock with a sell rating, ten have issued a hold rating and three have assigned a buy rating to the company. The stock has a consensus rating of “Hold” and an average target price of GBX 393.69 ($5.44).
The firm has a market cap of $1,210.00 and a PE ratio of 18,170.00.
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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