Capita’s (CPI) “Buy” Rating Reiterated at Canaccord Genuity Group

Canaccord Genuity Group reiterated their buy rating on shares of Capita (LON:CPI) in a report released on Wednesday morning, Marketbeat Ratings reports. Canaccord Genuity Group currently has a GBX 900 price objective on the stock.

Capita Price Performance

Shares of LON:CPI opened at GBX 270.50 on Wednesday. Capita has a 12 month low of GBX 168 and a 12 month high of GBX 415.50. The stock has a market cap of £307.69 million, a price-to-earnings ratio of 19.95, a PEG ratio of 0.18 and a beta of 0.66. The stock’s 50 day moving average price is GBX 368.06 and its 200 day moving average price is GBX 336.55. The company has a debt-to-equity ratio of 964.14, a current ratio of 0.54 and a quick ratio of 0.53.

Capita (LON:CPI) last released its earnings results on Tuesday, March 10th. The company reported GBX 49.71 earnings per share for the quarter. Capita had a negative return on equity of 142.88% and a negative net margin of 7.45%.

Insider Buying and Selling at Capita

In other news, insider Pablo Andres acquired 12,178 shares of the business’s stock in a transaction dated Wednesday, March 11th. The stock was acquired at an average price of GBX 280 per share, for a total transaction of £34,098.40. 13.40% of the stock is currently owned by company insiders.

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.