Capita PLC (LON:CPI) was down 1.3% during trading on Wednesday . The company traded as low as GBX 399.90 ($5.42) and last traded at GBX 403.50 ($5.47). Approximately 1,723,115 shares were traded during mid-day trading, a decline of 36% from the average daily volume of 2,700,000 shares. The stock had previously closed at GBX 408.80 ($5.54).

A number of equities research analysts have commented on CPI shares. Deutsche Bank reduced their price objective on Capita from GBX 640 ($8.68) to GBX 580 ($7.87) and set a “hold” rating for the company in a research note on Tuesday, October 24th. Numis Securities reissued a “buy” rating and issued a GBX 565 ($7.66) price objective on shares of Capita in a research note on Friday, December 15th. Citigroup reissued a “neutral” rating and issued a GBX 535 ($7.26) price objective (down previously from GBX 640 ($8.68)) on shares of Capita in a research note on Monday, November 13th. Peel Hunt restated a “reduce” rating and issued a GBX 600 ($8.14) target price on shares of Capita in a report on Thursday, September 21st. Finally, Credit Suisse Group dropped their target price on Capita from GBX 550 ($7.46) to GBX 455 ($6.17) and set a “neutral” rating on the stock in a report on Wednesday, January 3rd. Two analysts have rated the stock with a sell rating, eight have given a hold rating and three have given a buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus price target of GBX 542.85 ($7.36).

The stock has a market capitalization of $2,690.00 and a price-to-earnings ratio of 40,350.00.

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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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