Capita (LON:CPI) Stock Breaks Below 200-Day Moving Average – Time to Sell?

Capita plc (LON:CPI)’s share price crossed below its 200-day moving average during trading on Tuesday. The stock has a 200-day moving average of GBX 284.02 and traded as low as GBX 276. Capita shares last traded at GBX 304, with a volume of 1,234,338 shares traded.

Analyst Upgrades and Downgrades

CPI has been the topic of a number of research reports. Canaccord Genuity Group reissued a “buy” rating and set a GBX 750 target price on shares of Capita in a report on Wednesday, August 5th. Peel Hunt restated a “buy” rating and issued a GBX 311 price target on shares of Capita in a research report on Friday, October 2nd. Berenberg Bank decreased their price target on shares of Capita from GBX 330 to GBX 270 and set a “hold” rating for the company in a report on Wednesday, August 5th. Finally, Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating and set a GBX 260 price objective on shares of Capita in a research report on Wednesday, August 5th. Four investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of GBX 408.20.

Capita Price Performance

The company has a debt-to-equity ratio of 6,255.83, a quick ratio of 0.53 and a current ratio of 0.53. The business’s 50 day simple moving average is GBX 255.17 and its 200-day simple moving average is GBX 284.22. The stock has a market capitalization of £336.39 million, a price-to-earnings ratio of -1.61, a price-to-earnings-growth ratio of 0.18 and a beta of 0.88.

Capita (LON:CPI) last posted its earnings results on Tuesday, August 4th. The company reported GBX 13.38 EPS for the quarter. Capita had a negative net margin of 10.32% and a negative return on equity of 677.10%.

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.