Capita (LON:CPI) Shares Cross Above Two Hundred Day Moving Average – What’s Next?

Capita plc (LON:CPI)’s share price passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of GBX 325.12 and traded as high as GBX 364. Capita shares last traded at GBX 360.50, with a volume of 331,526 shares.

Analysts Set New Price Targets

A number of research analysts recently issued reports on CPI shares. Peel Hunt reiterated a “buy” rating and issued a GBX 321 target price on shares of Capita in a research note on Friday, November 7th. Canaccord Genuity Group restated a “buy” rating and set a GBX 900 price target on shares of Capita in a report on Monday, December 15th. Finally, Berenberg Bank initiated coverage on Capita in a research note on Wednesday, October 29th. They issued a “hold” rating and a GBX 350 price objective on the stock. Three investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat.com, Capita has a consensus rating of “Moderate Buy” and a consensus target price of GBX 494.

Capita Trading Up 3.0%

The company has a debt-to-equity ratio of 291.56, a quick ratio of 0.53 and a current ratio of 0.53. The company’s 50 day moving average is GBX 390.36 and its 200 day moving average is GBX 325.12. The stock has a market capitalization of £410.07 million, a price-to-earnings ratio of 26.59, a PEG ratio of 0.18 and a beta of 1.95.

Capita Company Profile

Capita is a modern outsourcer, helping clients across the public and private sectors run complex business processes more efficiently, creating better consumer experiences. Operating across 8 countries, Capita’s colleagues support primarily UK and European clients with people-based services underpinned by market-leading technology. We play an integral role in society – our work matters to the lives of the millions of people who rely on us every day.