RE: Capita Plc [cpi] Securities analysts revised their ratings and price targets.24 Jun 2022 14:02
Update.
By James Cone(Bloomberg) -- (Updates with details from note.)Capita’s restructuring is almost complete and its balancesheet should be fixed by year end, making the company “moreinvestable,” Peel Hunt writes in note as moves to a buy rating.* Many investors have ignored the recovery potential of Capita’songoing core operations during the longer than expectedrestructuring period, analyst Christopher Bamberry says* However, sees returns to shareholders from good profitprogression, with dividends and buybacks over medium term* PT set to 48p (from 55p), implies a 100% increase from lastprice* NOTE: Capita shares have dropped 34% YTD