Capita (CPI) PT Lowered to GBX 423 at Peel Hunt

Capita (LON:CPI) had its target price lowered by Peel Hunt from GBX 562 ($7.56) to GBX 423 ($5.69) in a report released on Wednesday morning, StockTargetPrices.com reports. Peel Hunt currently has a hold rating on the stock.

CPI has been the subject of several other research reports. Numis Securities restated a buy rating and set a GBX 565 ($7.60) price target on shares of Capita in a research note on Friday, December 15th. Jefferies Group restated a buy rating and set a GBX 750 ($10.09) price target on shares of Capita in a research note on Friday, September 8th. Deutsche Bank decreased their price target on shares of Capita from GBX 640 ($8.61) to GBX 580 ($7.81) and set a hold rating for the company in a research note on Tuesday, October 24th. Citigroup restated a neutral rating and set a GBX 535 ($7.20) price target (down previously from GBX 640 ($8.61)) on shares of Capita in a research note on Monday, November 13th. Finally, Shore Capital restated a sell rating on shares of Capita in a research note on Thursday, December 14th. Two investment analysts have rated the stock with a sell rating, eight have given a hold rating and three have given a buy rating to the company. Capita has a consensus rating of Hold and a consensus price target of GBX 550.15 ($7.40).

Shares of Capita (LON:CPI) opened at GBX 400 ($5.38) on Wednesday. The company has a market cap of $2,710.00 and a PE ratio of 40,000.00. Capita has a one year low of GBX 397.40 ($5.35) and a one year high of GBX 721 ($9.70).

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

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About Capita

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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