Capita (CPI) Given New GBX 423 Price Target at Peel Hunt

Capita (LON:CPI) had its price target cut by analysts at Peel Hunt from GBX 562 ($7.56) to GBX 423 ($5.69) in a report issued on Wednesday. The firm presently has a “hold” rating on the stock. Peel Hunt’s price target would suggest a potential upside of 5.09% from the stock’s previous close.

Several other research firms have also recently commented on CPI. Shore Capital reiterated a “sell” rating on shares of Capita in a report on Friday, September 1st. Numis Securities restated a “buy” rating and set a GBX 850 ($11.44) price objective on shares of Capita in a research report on Friday, September 8th. Jefferies Group restated a “buy” rating and set a GBX 750 ($10.09) price objective on shares of Capita in a research report on Friday, September 8th. Deutsche Bank restated a “hold” rating and set a GBX 640 ($8.61) price objective on shares of Capita in a research report on Friday, September 22nd. Finally, Panmure Gordon restated a “sell” rating on shares of Capita in a research report on Friday, September 29th. Two 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 stock. Capita currently has an average rating of “Hold” and an average price target of GBX 562.64 ($7.57).

Capita (LON CPI) opened at GBX 402.50 ($5.42) on Wednesday. Capita has a twelve month low of GBX 397.90 ($5.36) and a twelve month high of GBX 721 ($9.70).

In other Capita news, insider Matthew Lester purchased 8,698 shares of Capita stock in a transaction that occurred on Wednesday, October 11th. The stock was purchased at an average price of GBX 570 ($7.67) per share, for a total transaction of £49,578.60 ($66,727.59). Also, insider Ian Powell purchased 3,400 shares of Capita stock in a transaction that occurred on Tuesday, October 10th. The stock was acquired at an average price of GBX 580 ($7.81) per share, with a total value of £19,720 ($26,541.05). In the last quarter, 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.

Analyst Recommendations for Capita (LON:CPI)

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