Capita shares (LON: CPI) have gained 2.6% today but remain firmly in the red on recent trends, with the last 5 days of trading amounting to some 14.8% in losses.
The UK-based provider of consulting, digital, and software services has seen a 25% pullback on a YTD basis, but one analyst, despite downward revision sees strong price appreciation potential for London Listed CPI.
Deutsche Bank has revised its price target on Capita to 30 GBp from 35 GBp, yet has sustained its Buy rating on the company's shares with the current price hovering around 16.
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The current market capitalisation for Capita stands at 318 million GBP, with the company's share price fluctuating between a 52-week low of 12.4 GBp and a 52-week high of 24.2 GBp.
Based in London, Capita plc operates within the Industrials sector, specifically focusing on Specialty Business Services. The firm delivers a breadth of services including finance and accounting, procurement, digital transformation, and variety of business process services across both public and private sectors. With its institutional holdings at 84% there remains notable institutional confidence in the company's governance and strategic direction.
Forward-looking indicators present a forward P/E ratio of 4.09, hinting at expectations of earnings growth.
As part of the broader industrials and business services sectors, Capita plc competes in dynamic markets where digital and consulting services are intensely demanded. The company touts significant capabilities in customer experience improvement and digital transformation, two areas of perpetual relevance and potential growth.
The revised price target for Capita by Deutsche Bank acknowledges market forces while maintaining confidence in the company's ability to navigate industry headwinds and continue its development in the fields of consulting and digital services. With this steady outlook, investors may view Capita as a potentially strong player in its sector moving forward.
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