Deutsche Bank Lowers Capita (CPI) Price Target to GBX 175

Capita (LON:CPI) had its price objective dropped by research analysts at Deutsche Bank from GBX 180 ($2.40) to GBX 175 ($2.33) in a research note issued to investors on Wednesday. The brokerage currently has a “hold” rating on the stock. Deutsche Bank’s price target would indicate a potential upside of 6.74% from the company’s current price.

Several other brokerages have also commented on CPI. Numis Securities reaffirmed a “buy” rating and set a GBX 250 ($3.33) price target on shares of Capita in a research report on Tuesday, April 24th. Berenberg Bank reaffirmed a “hold” rating on shares of Capita in a research report on Monday, April 23rd. Barclays reaffirmed an “equal weight” rating and set a GBX 200 ($2.66) price target on shares of Capita in a research report on Tuesday, February 27th. Royal Bank of Canada raised shares of Capita to an “outperform” rating and upped their price target for the stock from GBX 185 ($2.46) to GBX 200 ($2.66) in a research report on Friday, June 8th. Finally, Liberum Capital began coverage on shares of Capita in a research note on Monday, June 11th. They set a “buy” rating and a GBX 170 ($2.26) price objective for the company. One equities research analyst has rated the stock with a sell rating, ten have given a hold rating and six have given a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus target price of GBX 309.36 ($4.12).

Shares of Capita opened at GBX 163.95 ($2.18) on Wednesday, MarketBeat reports. Capita has a one year low of GBX 149.25 ($1.99) and a one year high of GBX 721 ($9.60).

In other news, insider Andrew Williams bought 30,000 shares of the firm’s stock in a transaction dated Monday, April 23rd. The stock was acquired at an average cost of GBX 179 ($2.38) per share, for a total transaction of £53,700 ($71,495.14). Also, insider Jonathan (Jon) Lewis bought 21,500 shares of the firm’s stock in a transaction dated Thursday, April 26th. The stock was purchased at an average price of GBX 184 ($2.45) per share, with a total value of £39,560 ($52,669.42). Over the last quarter, insiders have acquired 54,588 shares of company stock valued at $9,712,336.

Capita Company Profile

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, debt solution, digital and software solution, financial, HR and recruitment, information technology, legal, procurement, property and infrastructure, and travel and event services.

Analyst Recommendations for Capita (LON:CPI)

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