Canaccord Genuity Group Lowers Capita (LON:CPI) Price Target to GBX 750

Capita (LON:CPI) had its target price dropped by stock analysts at Canaccord Genuity Group from GBX 900 to GBX 750 in a research note issued on Friday,Digital Look reports. The brokerage currently has a “buy” rating on the stock. Canaccord Genuity Group’s price objective would indicate a potential upside of 228.56% from the stock’s previous close.

Several other equities analysts also recently commented on the company. Deutsche Bank Aktiengesellschaft upped their target price on Capita from GBX 300 to GBX 320 and gave the company a “hold” rating in a research report on Friday, March 27th. Shore Capital Group reissued a “buy” rating on shares of Capita in a report on Thursday, April 23rd. Finally, Royal Bank Of Canada restated an “outperform” rating and issued a GBX 450 price target on shares of Capita in a research note on Friday, March 27th. Four investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. According to data from MarketBeat, Capita currently has an average rating of “Moderate Buy” and a consensus target price of GBX 434.20.

Capita Stock Up 3.3%

Capita stock opened at GBX 228.27 on Friday. The company’s 50-day moving average is GBX 331.80 and its 200-day moving average is GBX 335.17. The company has a debt-to-equity ratio of 1,526.79, a current ratio of 0.54 and a quick ratio of 0.53. The firm has a market capitalization of £273.42 million, a PE ratio of -1.58, a P/E/G ratio of 0.18 and a beta of 0.91. Capita has a fifty-two week low of GBX 215 and a fifty-two week high of GBX 416.

Insider Buying and Selling at Capita

In related news, insider Adolfo Hernandez purchased 2,763 shares of the business’s stock in a transaction that occurred on Friday, May 29th. The stock was acquired at an average cost of GBX 405 per share, for a total transaction of £11,190.15. Also, insider Daniel Wosner purchased 20,000 shares of the business’s stock in a transaction that occurred on Thursday, May 28th. The stock was bought at an average price of GBX 404 per share, with a total value of £80,800. Insiders acquired a total of 27,410 shares of company stock valued at $10,897,189 in the last three months. 5.34% of the stock is owned by insiders.

About Capita

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.