Capita PLC (CPI) Trading 0.6% Higher

Capita PLC (LON:CPI) shares traded up 0.6% during trading on Wednesday . The company traded as high as GBX 635 ($8.20) and last traded at GBX 633 ($8.18). 1,319,438 shares traded hands during trading, a decline of 35% from the average session volume of 2,022,410 shares. The stock had previously closed at GBX 629 ($8.12).

CPI has been the subject of a number of recent research reports. Numis Securities Ltd restated a “buy” rating and issued a GBX 850 ($10.98) target price on shares of Capita PLC in a research note on Friday, September 8th. Jefferies Group LLC restated a “buy” rating and issued a GBX 750 ($9.69) target price on shares of Capita PLC in a research note on Friday, September 8th. Peel Hunt upped their target price on Capita PLC from GBX 466 ($6.02) to GBX 600 ($7.75) and gave the company a “reduce” rating in a research note on Thursday, September 7th. Shore Capital restated a “sell” rating on shares of Capita PLC in a research note on Friday, September 1st. Finally, BNP Paribas restated a “neutral” rating and issued a GBX 530 ($6.84) target price on shares of Capita PLC in a research note on Wednesday, July 12th. Three analysts have rated the stock with a sell rating, nine have issued a hold rating and three have given a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus target price of GBX 594.93 ($7.68).

The company’s market cap is GBX 4.21 billion. The firm’s 50 day moving average price is GBX 651.74 and its 200 day moving average price is GBX 608.14.

In related news, insider Nick Greatorex acquired 1,500 shares of the company’s stock in a transaction on Tuesday, June 20th. The stock was purchased at an average cost of GBX 668 ($8.63) per share, with a total value of £10,020 ($12,940.72). Also, insider Ian Powell acquired 3,000 shares of the company’s stock in a transaction on Wednesday, June 28th. The stock was bought at an average cost of GBX 701 ($9.05) per share, with a total value of £21,030 ($27,160.02). Insiders acquired a total of 4,578 shares of company stock valued at $3,155,757 over the last ninety days.

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Capita PLC 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, Asset Services, Customer Management, Capita Europe and Insurance & Benefits Services.

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