Capita PLC (LON:CPI) traded up 0% on Friday . The company traded as high as GBX 489.47 ($6.44) and last traded at GBX 506 ($6.66). 4,445,063 shares were traded during mid-day trading, an increase of 126% from the average session volume of 1,970,000 shares. The stock had previously closed at GBX 506 ($6.66).
A number of equities research analysts have weighed in on the company. Peel Hunt reiterated a “reduce” rating and issued a GBX 662 ($8.71) target price on shares of Capita PLC in a report on Monday, November 6th. Numis Securities Ltd lowered their target price on Capita PLC from GBX 850 ($11.18) to GBX 800 ($10.52) and set a “buy” rating for the company in a report on Wednesday, November 1st. Deutsche Bank AG lowered their target price on Capita PLC from GBX 640 ($8.42) to GBX 580 ($7.63) and set a “hold” rating for the company in a report on Tuesday, October 24th. Shore Capital reiterated a “sell” rating on shares of Capita PLC in a report on Monday, October 23rd. Finally, Panmure Gordon reiterated a “sell” rating on shares of Capita PLC in a report on Friday, September 29th. Three equities research analysts have rated the stock with a sell rating, nine have issued a hold rating and three have assigned a buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average target price of GBX 597.07 ($7.85).
The business also recently declared a dividend, which will be paid on Thursday, November 30th. Investors of record on Thursday, October 19th will be issued a dividend of GBX 11.10 ($0.15) per share. The ex-dividend date of this dividend is Thursday, October 19th. This represents a yield of 2.01%.
In related news, insider Matthew Lester purchased 8,698 shares of the firm’s stock in a transaction that occurred on Wednesday, October 11th. The stock was acquired at an average price of GBX 570 ($7.50) per share, for a total transaction of £49,578.60 ($65,209.26). Also, insider Ian Powell purchased 3,400 shares of the firm’s stock in a transaction that occurred on Tuesday, October 10th. The shares were bought at an average price of GBX 580 ($7.63) per share, with a total value of £19,720 ($25,937.13). Insiders have purchased 12,190 shares of company stock valued at $6,981,880 in the last quarter.
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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, Customer Management, Capita Europe and Insurance & Benefits Services.
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