Capita (CPI)

Sector:

Support

Index:

FTSE Small Cap

232.50p
   
  • Change Today:
      2.00p
  • 52 Week High: 352.00p
  • 52 Week Low: 174.90p
  • Currency: UK Pounds
  • Shares Issued: 114.36m
  • Volume: 400,844
  • Market Cap: £265.89m
  • RiskGrade: 259

RBC Capital lifts Capita price target to adjust for recent disposal

By Michele Maatouk

Date: Thursday 18 Jul 2024

LONDON (ShareCast) - (Sharecast News) - RBC Capital Markets lifted its price target on Capita on Thursday to 2,200p from 1,800p as it adjusted forecasts for the Capita One disposal.

Capita announced last week that it was selling its public sector software business for £200m to Orchard Information Systems, a subsidiary of MRI Software.

Capita One provides local authorities, local education authorities and housing associations with revenues and benefits, social housing management and education management software.

RBC said that while the disposal is dilutive for 2025 estimates by around 16%, a good price was achieved and it significantly improves the balance sheet position.

"We rework our sum of the parts, which increases our target price to 22p to reflect the disposal proceeds, along with a recent re-rating of peers, e.g. TEP and SRP," it said.

"Whilst our upside scenario points to significant upside, there remain many moving parts - Capita has yet to demonstrate sustainable free cash flow generation, whilst growth is hard to come by and AI concerns are likely to hang over the CX business."

The bank maintained its 'sector perform' rating on Capita.

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Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

Note 2: RiskGrade figures are provided by RiskMetrics.

 

Capita Market Data

Currency UK Pounds
Share Price 232.50p
Change Today 2.00p
% Change 0.87 %
52 Week High 352.00p
52 Week Low 174.90p
Volume 400,844
Shares Issued 114.36m
Market Cap £265.89m
RiskGrade 259

Capita Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
20.87% above the market average20.87% above the market average20.87% above the market average20.87% above the market average20.87% above the market average
71.76% above the sector average71.76% above the sector average71.76% above the sector average71.76% above the sector average71.76% above the sector average
Price Trend
12.62% below the market average12.62% below the market average12.62% below the market average12.62% below the market average12.62% below the market average
16.13% below the sector average16.13% below the sector average16.13% below the sector average16.13% below the sector average16.13% below the sector average
Income Not Available
Growth
73.85% below the market average73.85% below the market average73.85% below the market average73.85% below the market average73.85% below the market average
77.27% below the sector average77.27% below the sector average77.27% below the sector average77.27% below the sector average77.27% below the sector average

Capita Dividends

  Latest Previous
  Interim Final
Ex-Div 19-Oct-17 25-May-17
Paid 30-Nov-17 03-Jul-17
Amount 11.10p 20.60p

Trades for 20-Aug-2025

Time Volume / Share Price
16:35 179,756 @ 232.50p
16:35 1 @ 232.50p
16:35 708 @ 232.50p
16:35 154 @ 232.50p
16:35 2,080 @ 232.50p

Capita Key Personnel

CEO Adolfo Hernandez
CFO Pablo Andres

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