Brokerages Set Capita PLC (LON:CPI) Target Price at $591.14

Shares of Capita PLC (LON:CPI) have been assigned an average rating of “Hold” from the fifteen brokerages that are currently covering the firm, MarketBeat reports. Three investment analysts have rated the stock with a sell rating, nine have given a hold rating and three have assigned a buy rating to the company. The average 1-year price target among analysts that have updated their coverage on the stock in the last year is GBX 591.14 ($7.70).

Several brokerages recently weighed in on CPI. BNP Paribas reaffirmed a “neutral” rating and issued a GBX 530 ($6.90) target price on shares of Capita PLC in a report on Wednesday, July 12th. Citigroup Inc. raised their target price on shares of Capita PLC from GBX 610 ($7.94) to GBX 640 ($8.33) and gave the company a “neutral” rating in a report on Wednesday, July 5th. Jefferies Group LLC reissued a “buy” rating and set a GBX 750 ($9.77) price objective on shares of Capita PLC in a report on Monday, June 26th. Numis Securities Ltd reissued a “buy” rating and set a GBX 850 ($11.07) price objective on shares of Capita PLC in a report on Monday, June 26th. Finally, HSBC Holdings plc raised shares of Capita PLC to a “buy” rating and raised their price objective for the stock from GBX 590 ($7.68) to GBX 820 ($10.68) in a report on Wednesday, June 21st.

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Shares of Capita PLC (LON CPI) traded up 0.45% on Friday, hitting GBX 675.00. 1,286,094 shares of the stock were exchanged. Capita PLC has a 52-week low of GBX 431.30 and a 52-week high of GBX 1,066.60. The stock’s market cap is GBX 4.49 billion. The company’s 50 day moving average is GBX 674.53 and its 200-day moving average is GBX 584.20.

In related news, insider Nick Greatorex bought 1,500 shares of the firm’s stock in a transaction on Tuesday, June 20th. The shares were bought at an average cost of GBX 668 ($8.70) per share, for a total transaction of £10,020 ($13,048.57). Also, insider Ian Powell bought 3,000 shares of the firm’s stock in a transaction on Wednesday, June 28th. The shares were bought at an average price of GBX 701 ($9.13) per share, for a total transaction of £21,030 ($27,386.38). Over the last quarter, insiders purchased 6,350 shares of company stock worth $4,119,425.

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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