Capita (CPI) Given New GBX 175 Price Target at Deutsche Bank

Capita (LON:CPI) had its price objective dropped by equities research analysts at Deutsche Bank from GBX 180 ($2.40) to GBX 175 ($2.33) in a research note issued to investors on Wednesday, June 20th. The firm currently has a “hold” rating on the stock. Deutsche Bank’s target price indicates a potential upside of 9.55% from the company’s current price.

Other equities analysts also recently issued reports about the company. Credit Suisse Group lowered their target price on Capita from GBX 203 ($2.70) to GBX 120 ($1.60) and set a “neutral” rating on the stock in a research report on Monday, May 14th. Shore Capital restated a “hold” rating on shares of Capita in a research report on Friday, May 11th. Numis Securities reiterated a “buy” rating and issued a GBX 250 ($3.33) target price on shares of Capita in a research report on Tuesday, April 24th. Peel Hunt reiterated a “hold” rating and issued a GBX 141 ($1.88) target price on shares of Capita in a research report on Friday, May 25th. Finally, Liberum Capital began coverage on Capita in a research report on Monday, June 11th. They issued a “buy” rating and a GBX 170 ($2.26) target price on the stock. One investment analyst has rated the stock with a sell rating, nine have issued a hold rating and six have assigned a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average price target of GBX 251.23 ($3.34).

Capita opened at GBX 159.75 ($2.13) on Wednesday, according to Marketbeat Ratings. Capita has a fifty-two week low of GBX 149.25 ($1.99) and a fifty-two week high of GBX 721 ($9.60).

In other Capita news, insider Andrew Williams bought 30,000 shares of the company’s stock in a transaction dated Monday, April 23rd. The shares were purchased at an average cost of GBX 179 ($2.38) per share, for a total transaction of £53,700 ($71,495.14). Also, insider John Cresswell purchased 3,000 shares of the firm’s stock in a transaction that occurred on Friday, May 11th. The stock was bought at an average cost of GBX 123 ($1.64) per share, for a total transaction of £3,690 ($4,912.79). In the last quarter, insiders have bought 54,588 shares of company stock valued at $9,712,336.

About Capita

Capita plc provides customer management, administration, and professional support services to clients in the private and public sectors. The company offers business process management, business transformation, corporate and administration, customer management, digital and software solution, financial, HR and recruitment, information technology, legal, procurement, property and infrastructure, start-up development, and travel and event services.

Analyst Recommendations for Capita (LON:CPI)

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