Capita (LON:CPI) Shares Down 13.5% – Here’s Why

Capita plc (LON:CPI) shares fell 13.5% during trading on Tuesday . The stock traded as low as GBX 271.50 and last traded at GBX 281. Approximately 3,886,554 shares traded hands during mid-day trading, an increase of 152% from the average session volume of 1,544,179 shares. The stock had previously closed at GBX 325.

Analysts Set New Price Targets

Several research analysts have issued reports on CPI shares. Deutsche Bank Aktiengesellschaft increased their price target on Capita from GBX 300 to GBX 320 and gave the stock a “hold” rating in a report on Friday, March 27th. Shore Capital Group reaffirmed a “buy” rating on shares of Capita in a research report on Thursday, April 23rd. Royal Bank Of Canada reissued an “outperform” rating and issued a GBX 450 price target on shares of Capita in a research report on Friday, March 27th. Canaccord Genuity Group reissued a “buy” rating and set a GBX 900 target price on shares of Capita in a research report on Friday, March 27th. Finally, Berenberg Bank dropped their price objective on Capita to GBX 330 and set a “hold” rating on the stock in a research note on Wednesday, March 11th. Four analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of GBX 464.20.

Capita Price Performance

The stock has a market cap of £336.58 million, a P/E ratio of -1.95, a price-to-earnings-growth ratio of 0.18 and a beta of 0.91. The company has a quick ratio of 0.53, a current ratio of 0.54 and a debt-to-equity ratio of 1,526.79. The business’s 50-day simple moving average is GBX 333.01 and its two-hundred day simple moving average is GBX 338.04.

Insider Activity

In other Capita news, insider Adolfo Hernandez purchased 2,763 shares of the stock in a transaction on Friday, May 29th. The shares were purchased at an average price of GBX 405 per share, with a total value of £11,190.15. Also, insider Pablo Andres bought 1,767 shares of the company’s stock in a transaction on Friday, May 29th. The shares were bought at an average price of GBX 402 per share, with a total value of £7,103.34. Over the last quarter, insiders acquired 27,410 shares of company stock worth $10,897,189. Insiders own 5.34% of the company’s stock.

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.