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The latest announcement is out from Capita plc ( (GB:CPI) ).
Capita plc has appointed RBC Capital Markets as a Joint Corporate Broker alongside its existing broker, Barclays Bank PLC, effective immediately. This strategic move is likely to enhance Capita’s market positioning by leveraging RBC Capital Markets’ expertise, potentially benefiting stakeholders by strengthening the company’s financial advisory capabilities.
The most recent analyst rating on (GB:CPI) stock is a Hold with a £298.00 price target. To see the full list of analyst forecasts on Capita plc stock, see the GB:CPI Stock Forecast page.
Spark’s Take on GB:CPI Stock
According to Spark, TipRanks’ AI Analyst, GB:CPI is a Neutral.
Capita plc’s overall stock score reflects significant financial challenges and bearish technical indicators, partially offset by positive corporate events and moderate valuation. The company’s high debt levels and negative cash flow trends are major concerns, while recent strategic moves provide some optimism for future stability.
To see Spark’s full report on GB:CPI stock, click here.
More about Capita plc
Capita plc is a modern outsourcing company that assists clients in both the public and private sectors to manage complex business processes more efficiently, enhancing consumer experiences. With operations in eight countries, Capita employs 34,000 people who primarily serve UK and European clients, offering people-based services supported by advanced technology.
Average Trading Volume: 507,344
Technical Sentiment Signal: Sell
Current Market Cap: £262.2M
Learn more about CPI stock on TipRanks’ Stock Analysis page.