Goldman Sachs Group Cuts Capita (CPI) Price Target to GBX 150
Capita (LON:CPI) had its price objective lowered by equities researchers at Goldman Sachs Group from GBX 155 ($2.03) to GBX 150 ($1.96) in a research report issued to clients and investors on Friday. The brokerage presently has a “neutral” rating on the stock. Goldman Sachs Group’s price target suggests a potential upside of 20.82% from the stock’s previous close.
CPI has been the subject of a number of other reports. Barclays upgraded Capita to an “overweight” rating and decreased their target price for the company from GBX 200 ($2.61) to GBX 160 ($2.09) in a report on Friday, February 15th. Peel Hunt reiterated a “hold” rating on shares of Capita in a report on Monday, December 17th. Deutsche Bank decreased their target price on Capita from GBX 175 ($2.29) to GBX 151 ($1.97) and set a “hold” rating for the company in a report on Thursday, November 15th. Finally, Shore Capital reiterated a “hold” rating on shares of Capita in a report on Friday, March 8th. Eight analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. The company currently has an average rating of “Hold” and an average target price of GBX 166.42 ($2.17).
LON:CPI opened at GBX 124.15 ($1.62) on Friday. The firm has a market capitalization of $2.06 billion and a P/E ratio of -15.52. Capita has a 12-month low of GBX 78.69 ($1.03) and a 12-month high of GBX 173.85 ($2.27).
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.
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