The stock of Capita PLC (LON:CPI) hit a new 52-week low and has GBX 518.22 target or 9.00% below today’s GBX 569.47 share price. The 6 months bearish chart indicates high risk for the GBX 3.80B company. The 1-year low was reported on Nov, 4 by Barchart.com. If the GBX 518.22 price target is reached, the company will be worth GBX 342.00M less.
The 52-week low event is an important milestone for every stock because it shows very negative momentum and is time when sellers come in. During such technical setups, fundamental investors usually stay away and are careful buying the stock. The stock decreased 0.96% or GBX 5.53 on November 4, hitting GBX 569.47. About 2.43 million shares traded hands. Capita PLC (LON:CPI) has declined 44.38% since April 7, 2016 and is downtrending. It has underperformed by 45.48% the S&P500.
Capita PLC (LON:CPI) Ratings Coverage
Out of 19 analysts covering Capita Group The PLC (LON:CPI), 5 rate it a “Buy”, 2 “Sell”, while 12 “Hold”. This means 26% are positive. GBX 1445 is the highest target while GBX 1 is the lowest. The GBX 956.78 average target is 68.01% above today’s (GBX 569.47) stock price. Capita Group The PLC has been the topic of 134 analyst reports since July 24, 2015 according to StockzIntelligence Inc. The stock of Capita PLC (LON:CPI) earned “Buy” rating by Jefferies on Tuesday, October 4. The stock has “Underperform” rating given by BNP Paribas on Monday, June 20. The stock of Capita PLC (LON:CPI) earned “Neutral” rating by BNP Paribas on Thursday, July 30. Deutsche Bank maintained the stock with “Buy” rating in Friday, May 27 report. BNP Paribas maintained the shares of CPI in a report on Monday, October 10 with “Neutral” rating. The stock of Capita PLC (LON:CPI) earned “Neutral” rating by BNP Paribas on Monday, August 8. The firm earned “Sell” rating on Friday, February 12 by Goldman Sachs. The stock of Capita PLC (LON:CPI) has “Neutral” rating given on Tuesday, October 4 by Credit Suisse. The stock has “Buy” rating given by Deutsche Bank on Wednesday, June 29. Deutsche Bank maintained Capita PLC (LON:CPI) on Thursday, October 13 with “Hold” rating.
More important recent Capita PLC (LON:CPI) news were published by: Seekingalpha.com which released: “Capita PLC Has Bigger Problems Than Brexit – Proceed With Care” on October 14, 2016, also Valuewalk.com published article titled: “Lansdowne Details Short Thesis For Capita Plc”, Fool.Co.Uk published: “Will HSBC Holdings plc & Capita plc help you retire early?” on May 10, 2016. More interesting news about Capita PLC (LON:CPI) was released by: Bloomberg.com and their article: “Brexit Spending Slowdown Hits U.K. Contractors Capita, Mitie” with publication date: September 29, 2016.
Capita PLC is a United Kingdom-based company, which creates and delivers services in business process management. The company has a market cap of 3.80 billion GBP. The Company’s divisions include Digital & Software Solutions, Integrated Services, Local Government, Property & Health, Workplace Services, IT Enterprise Services, Asset Services, Customer Management, Capita Europe and Insurance & Benefits Services. It has a 45.1 P/E ratio. The Firm operates in private sectors, such as banking and financial services, insurance, life and pensions, retail, telecoms and media, transport and utilities, and public sector, such as central government, defense, education, emergency services, health, local government, and police and justice.