Capita (CPI) Shares Up 0%

Capita plc (LON:CPI) shot up 0% during mid-day trading on Wednesday . The company traded as high as GBX 411.50 ($5.54) and last traded at GBX 405.90 ($5.46). 2,340,000 shares traded hands during mid-day trading, a decline of 17% from the average session volume of 2,820,000 shares. The stock had previously closed at GBX 405.90 ($5.46).

Several brokerages have weighed in on CPI. Deutsche Bank lowered their target price on shares of Capita from GBX 580 ($7.81) to GBX 450 ($6.06) and set a “hold” rating for the company in a research note on Friday. Panmure Gordon reaffirmed a “sell” rating on shares of Capita in a research note on Friday, September 29th. Peel Hunt lowered their target price on shares of Capita from GBX 562 ($7.56) to GBX 423 ($5.69) and set a “hold” rating for the company in a research note on Wednesday. Numis Securities reaffirmed a “buy” rating and set a GBX 565 ($7.60) target price on shares of Capita in a research note on Friday, December 15th. Finally, Shore Capital reaffirmed a “sell” rating on shares of Capita in a research note on Tuesday, October 10th. Two research analysts have rated the stock with a sell rating, eight have assigned a hold rating and three have given a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average target price of GBX 550.15 ($7.40).

In other Capita news, insider Ian Powell purchased 3,400 shares of Capita stock in a transaction dated Tuesday, October 10th. The shares were acquired at an average price of GBX 580 ($7.81) per share, with a total value of £19,720 ($26,541.05). Also, insider Matthew Lester purchased 8,698 shares of Capita stock in a transaction dated Wednesday, October 11th. The shares were acquired at an average cost of GBX 570 ($7.67) per share, for a total transaction of £49,578.60 ($66,727.59). In the last ninety days, insiders have acquired 12,200 shares of company stock valued at $6,982,484.

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Capita 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, Customer Management, Capita Europe and Insurance & Benefits Services.

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