Capita (LON:CPI) Stock Breaks Below Fifty Day Moving Average – Should You Sell?

Capita plc (LON:CPI)’s stock price passed below its 50-day moving average during trading on Tuesday. The stock has a 50-day moving average of GBX 254.65 and traded as low as GBX 249.50. Capita shares last traded at GBX 253.50, with a volume of 3,897,750 shares.

Analysts Set New Price Targets

Several analysts recently issued reports on CPI shares. Deutsche Bank Aktiengesellschaft reissued a “hold” rating and issued a GBX 260 price target on shares of Capita in a report on Wednesday, August 5th. Peel Hunt reiterated a “buy” rating and issued a GBX 311 target price on shares of Capita in a research note on Friday, October 2nd. Berenberg Bank cut their target price on Capita from GBX 330 to GBX 270 and set a “hold” rating on the stock in a research note on Wednesday, August 5th. Finally, Canaccord Genuity Group reissued a “buy” rating and set a GBX 750 price target on shares of Capita in a report on Wednesday, August 5th. Four analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of GBX 408.20.

Capita Trading Up 2.0%

The firm’s 50-day simple moving average is GBX 254.65 and its 200 day simple moving average is GBX 296.62. The stock has a market cap of £310.21 million, a P/E ratio of -1.48, a PEG ratio of 0.18 and a beta of 0.88. The company has a current ratio of 0.53, a quick ratio of 0.53 and a debt-to-equity ratio of 6,255.83.

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

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.