BNP Paribas Reaffirms Neutral Rating for Capita PLC (CPI)


Capita PLC (LON:CPI)‘s stock had its “neutral” rating reaffirmed by stock analysts at BNP Paribas in a research note issued on Monday. They presently have a GBX 950 ($12.65) price objective on the stock. BNP Paribas’ target price suggests a potential downside of 2.21% from the stock’s current price.
Several other brokerages have also recently weighed in on CPI. Goldman Sachs Group Inc. reissued a “sell” rating and set a GBX 894 ($11.91) price objective on shares of Capita PLC in a research note on Monday, June 27th. Credit Suisse Group AG cut Capita PLC to a “neutral” rating and reduced their price objective for the stock from GBX 1,250 ($16.65) to GBX 900 ($11.99) in a research note on Tuesday, June 28th. JPMorgan Chase & Co. reissued a “neutral” rating on shares of Capita PLC in a research note on Wednesday, June 29th. Barclays PLC reduced their price objective on Capita PLC from GBX 1,235 ($16.45) to GBX 1,100 ($14.65) and set an “equal weight” rating on the stock in a research note on Monday, July 25th. Finally, Jefferies Group reissued a “buy” rating and set a GBX 1,340 ($17.85) price objective on shares of Capita PLC in a research note on Tuesday, July 12th. One investment analyst has rated the stock with a sell rating, ten have given a hold rating and five have assigned a buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus target price of GBX 1,108.38 ($14.76).
Capita PLC (LON:CPI) traded down 1.57% on Monday, hitting GBX 971.50. The stock had a trading volume of 2,313,540 shares. The firm’s market capitalization is GBX 6.46 billion. Capita PLC has a 1-year low of GBX 839.00 and a 1-year high of GBX 1,306.00. The stock’s 50-day moving average is GBX 1,007.15 and its 200 day moving average is GBX 1,017.42.

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The business also recently announced a dividend, which will be paid on Wednesday, November 30th. Shareholders of record on Thursday, October 20th will be issued a dividend of GBX 11.10 ($0.15) per share. The ex-dividend date is Thursday, October 20th. This represents a yield of 1.14%.
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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