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The latest announcement is out from Capita plc ( (GB:CPI) ).
Capita plc has responded to Ofgem’s announcement regarding a proposal to disallow £31.03 million in costs incurred by its subsidiary, Smart Data Communications Company (Smart DCC), for the regulatory year 2024/2025. This draft determination is part of the regular regulatory framework, but Capita expressed disappointment at the scale and retrospective nature of the disallowance. Smart DCC plans to engage with Ofgem to potentially reduce these costs before the final determination in February 2026. The company remains committed to efficiently operating Britain’s smart meter network and addressing energy affordability challenges.
The most recent analyst rating on (GB:CPI) stock is a Hold with a £356.00 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 stock score is primarily influenced by its challenging financial performance, with significant risks from high leverage and negative cash flow. However, positive technical indicators provide some optimism, suggesting potential for price appreciation. The valuation is moderate, but the lack of a dividend yield may deter income investors.
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’s 34,000 employees primarily serve UK and European clients with services supported by advanced technology, playing a crucial role in society by impacting millions of lives daily.
Average Trading Volume: 520,400
Technical Sentiment Signal: Buy
Current Market Cap: £348.6M
See more insights into CPI stock on TipRanks’ Stock Analysis page.