Capita (LON:CPI) Shares Up 13.8% – Here’s What Happened

Capita plc (LON:CPI)’s stock price was up 13.8% during mid-day trading on Thursday . The company traded as high as GBX 275 and last traded at GBX 273.70. Approximately 7,342,268 shares traded hands during trading, an increase of 309% from the average daily volume of 1,793,705 shares. The stock had previously closed at GBX 240.50.

Analyst Upgrades and Downgrades

CPI has been the subject of several analyst reports. Canaccord Genuity Group restated a “buy” rating and issued a GBX 900 target price on shares of Capita in a research note on Wednesday, March 11th. Berenberg Bank decreased their price target on Capita to GBX 330 and set a “hold” rating on the stock in a research report on Wednesday, March 11th. Three investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of GBX 489.

Capita Stock Performance

The company’s fifty day simple moving average is GBX 343.09 and its 200 day simple moving average is GBX 337.58. The company has a current ratio of 0.54, a quick ratio of 0.53 and a debt-to-equity ratio of 964.14. The stock has a market capitalization of £309.97 million, a P/E ratio of 20.10, a P/E/G ratio of 0.18 and a beta of 0.66.

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

Insider Activity

In other Capita news, insider Adolfo Hernandez bought 34,540 shares of Capita stock in a transaction that occurred on Friday, March 13th. The stock was acquired at an average cost of GBX 279 per share, for a total transaction of £96,366.60. Also, insider Pablo Andres bought 12,178 shares of the firm’s stock in a transaction on Wednesday, March 11th. The stock was acquired at an average price of GBX 280 per share, for a total transaction of £34,098.40. Over the last 90 days, insiders have purchased 58,718 shares of company stock valued at $16,346,500. 13.40% of the stock is 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.