Capita PLC (CPI) PT Raised to GBX 590 at HSBC Holdings plc

Capita PLC (LON:CPI) had its price target lifted by investment analysts at HSBC Holdings plc from GBX 500 ($6.18) to GBX 590 ($7.29) in a research report issued to clients and investors on Friday. The brokerage currently has a “hold” rating on the stock. HSBC Holdings plc’s target price would indicate a potential upside of 3.60% from the company’s previous close.

Several other research analysts also recently commented on CPI. Shore Capital reissued a “sell” rating on shares of Capita PLC in a research note on Thursday, November 17th. BNP Paribas reissued a “neutral” rating and set a GBX 950 ($11.73) price target on shares of Capita PLC in a research note on Monday, November 21st. Deutsche Bank AG reissued a “hold” rating and set a GBX 740 ($9.14) price target on shares of Capita PLC in a research note on Tuesday, November 22nd. Royal Bank of Canada decreased their price target on shares of Capita PLC from GBX 600 ($7.41) to GBX 500 ($6.18) and set a “sector performer” rating on the stock in a research note on Wednesday, November 30th. Finally, Panmure Gordon decreased their price target on shares of Capita PLC from GBX 530 ($6.55) to GBX 440 ($5.43) and set a “sell” rating on the stock in a research note on Friday, December 2nd. Three equities research analysts have rated the stock with a sell rating, ten have issued a hold rating and one has given a buy rating to the company. The stock currently has an average rating of “Hold” and an average price target of GBX 533.93 ($6.59).

Analyst Recommendations for Capita PLC (LON:CPI)

Capita PLC (LON:CPI) opened at 567.00 on Friday. Capita PLC has a 12-month low of GBX 431.30 and a 12-month high of GBX 1,101.00. The firm’s 50-day moving average is GBX 530.75 and its 200 day moving average is GBX 610.67. The firm’s market cap is GBX 3.78 billion.

The business also recently declared a dividend, which will be paid on Monday, July 3rd. Investors of record on Thursday, May 25th will be issued a GBX 20.60 ($0.25) dividend. The ex-dividend date is Thursday, May 25th. This represents a yield of 4.01%. This is a boost from Capita PLC’s previous dividend of $11.10.

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In related news, insider Chris Sellers sold 4,067 shares of Capita PLC stock in a transaction on Monday, March 13th. The shares were sold at an average price of GBX 567 ($7.00), for a total value of £23,059.89 ($28,479.55). In the last quarter, insiders purchased 100 shares of company stock worth $50,672.

About Capita PLC

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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