Capita plc (LON:CPI – Get Free Report) passed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of GBX 17.89 ($0.22) and traded as low as GBX 13.24 ($0.16). Capita shares last traded at GBX 13.24 ($0.16), with a volume of 4,411,772 shares changing hands.
Wall Street Analyst Weigh In
CPI has been the subject of several analyst reports. Royal Bank of Canada lowered their target price on shares of Capita to GBX 1,800 ($22.23) and set a “sector perform” rating for the company in a report on Tuesday, March 12th. Shore Capital reaffirmed a “buy” rating on shares of Capita in a research note on Wednesday, March 13th.
Capita Stock Performance
Insider Activity at Capita
In other news, insider Nneka Abulokwe purchased 74,324 shares of the stock in a transaction that occurred on Wednesday, March 20th. The stock was purchased at an average price of GBX 13 ($0.16) per share, for a total transaction of £9,662.12 ($11,934.44). In other Capita news, insider David S. Lowden bought 250,000 shares of the business’s stock in a transaction on Friday, March 15th. The shares were acquired at an average price of GBX 14 ($0.17) per share, with a total value of £35,000 ($43,231.23). Also, insider Nneka Abulokwe acquired 74,324 shares of Capita stock in a transaction that occurred on Wednesday, March 20th. The stock was acquired at an average cost of GBX 13 ($0.16) per share, with a total value of £9,662.12 ($11,934.44). Insiders purchased 651,535 shares of company stock worth $9,701,080 in the last 90 days. 3.78% of the stock is owned by corporate insiders.
About Capita
Capita plc provides consulting, digital, and software products and services to clients in the private and public sectors in the United Kingdom and internationally. It operates in two divisions: Public Service and Capita Experience divisions. The company offers solutions for finance and accounting, procurement, property and infrastructure, travel and event, and workplace administration.
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