Credit Suisse Group Cuts Capita (CPI) Price Target to GBX 455
Capita (LON:CPI) had its price target dropped by Credit Suisse Group from GBX 550 ($7.72) to GBX 455 ($6.39) in a report released on Wednesday, January 3rd. The firm presently has a “neutral” rating on the stock. Credit Suisse Group’s price objective points to a potential upside of 26.60% from the company’s previous close.
A number of other research analysts have also issued reports on the company. Peel Hunt reissued a “reduce” rating and issued a GBX 662 ($9.30) target price on shares of Capita in a report on Monday, November 6th. Jefferies Group reissued a “buy” rating and issued a GBX 750 ($10.53) target price on shares of Capita in a report on Friday, September 8th. Shore Capital reissued a “sell” rating on shares of Capita in a report on Thursday, December 14th. Citigroup reaffirmed a “neutral” rating and set a GBX 535 ($7.51) price objective (down previously from GBX 640 ($8.99)) on shares of Capita in a report on Monday, November 13th. Finally, Deutsche Bank dropped their price objective on Capita from GBX 640 ($8.99) to GBX 580 ($8.14) and set a “hold” rating on the stock in a report on Tuesday, October 24th. Two research analysts have rated the stock with a sell rating, seven have assigned a hold rating and three have assigned a buy rating to the company. Capita currently has a consensus rating of “Hold” and an average target price of GBX 532.08 ($7.47).
Capita (CPI) traded down GBX 2.20 ($0.03) during trading hours on Wednesday, hitting GBX 359.40 ($5.05). The stock had a trading volume of 1,927,459 shares, compared to its average volume of 2,800,000. The firm has a market capitalization of $2,400.00 and a price-to-earnings ratio of 35,940.00. Capita has a 1-year low of GBX 353.58 ($4.97) and a 1-year high of GBX 721 ($10.12).
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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