Capita (CPI) Downgraded by HSBC to “Hold”

HSBC lowered shares of Capita (LON:CPI) to a hold rating in a research report sent to investors on Wednesday morning. The brokerage currently has GBX 200 ($2.80) price objective on the stock, down from their previous price objective of GBX 640 ($8.97).

Other analysts also recently issued research reports about the stock. Royal Bank of Canada decreased their target price on shares of Capita from GBX 500 ($7.01) to GBX 185 ($2.59) and set a sector performer rating for the company in a research report on Thursday, February 1st. Deutsche Bank decreased their target price on shares of Capita from GBX 640 ($8.97) to GBX 580 ($8.13) and set a hold rating for the company in a research report on Tuesday, October 24th. JPMorgan Chase & Co. reissued a neutral rating and set a GBX 418 ($5.86) target price on shares of Capita in a research report on Thursday, February 1st. Numis Securities decreased their target price on shares of Capita from GBX 850 ($11.92) to GBX 800 ($11.22) and set a buy rating for the company in a research report on Wednesday, November 1st. Finally, Morgan Stanley raised shares of Capita to an equal weight rating and decreased their target price for the company from GBX 460 ($6.45) to GBX 180 ($2.52) in a research report on Friday, February 2nd. Two equities research analysts have rated the stock with a sell rating, ten have given a hold rating and three have issued a buy rating to the company. Capita currently has an average rating of Hold and an average price target of GBX 436.20 ($6.12).

Shares of Capita (LON:CPI) opened at GBX 195.20 ($2.74) on Wednesday. The firm has a market cap of $1,300.00 and a P/E ratio of 19,520.00. Capita has a 52-week low of GBX 151.52 ($2.12) and a 52-week high of GBX 721 ($10.11).

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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.

Analyst Recommendations for Capita (LON:CPI)

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