Capita (LON:CPI) Stock Price Crosses Above Two Hundred Day Moving Average – Here’s Why

Shares of Capita plc (LON:CPI) passed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of GBX 337.51 and traded as high as GBX 382.50. Capita shares last traded at GBX 379.98, with a volume of 308,936 shares changing hands.

Analysts Set New Price Targets

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

Capita Stock Up 0.8%

The stock has a market cap of £475.53 million, a P/E ratio of -2.75, a P/E/G ratio of 0.18 and a beta of 0.82. 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 firm’s fifty day moving average is GBX 291.16 and its 200 day moving average is GBX 338.13.

Capita (LON:CPI) last announced its 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 Buying and Selling at Capita

In related news, insider Pablo Andres acquired 12,178 shares of the company’s stock in a transaction dated Wednesday, March 11th. The shares were bought at an average price of GBX 280 per share, for a total transaction of £34,098.40. Also, insider Adolfo Hernandez acquired 34,540 shares of the company’s stock in a transaction dated Friday, March 13th. The shares were bought at an average price of GBX 279 per share, for a total transaction of £96,366.60. Insiders purchased a total of 58,718 shares of company stock worth $16,346,500 in the last quarter. Insiders own 13.40% 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.