Capita (LON:CPI) Shares Cross Above Two Hundred Day Moving Average – Should You Sell?

Capita plc (LON:CPI) shares crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of GBX 156.70 ($2.11) and traded as high as GBX 234 ($3.15). Capita shares last traded at GBX 232.50 ($3.13), with a volume of 400,840 shares.

Analysts Set New Price Targets

A number of research firms recently issued reports on CPI. Shore Capital restated a “hold” rating on shares of Capita in a research note on Tuesday, August 5th. Deutsche Bank Aktiengesellschaft raised their target price on shares of Capita from GBX 375 to GBX 405 and gave the stock a “buy” rating in a research report on Friday, July 4th. One investment analyst has rated the stock with a Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat.com, Capita presently has a consensus rating of “Moderate Buy” and an average price target of GBX 405.

Capita Price Performance

The company has a debt-to-equity ratio of 291.56, a quick ratio of 0.53 and a current ratio of 0.53. The company has a market cap of £3.96 billion, a price-to-earnings ratio of -97.14, a PEG ratio of 0.18 and a beta of 1.95. The company has a 50-day simple moving average of GBX 297.42 and a 200-day simple moving average of GBX 156.70.

Capita (LON:CPI) last announced its quarterly earnings data on Tuesday, August 5th. The company reported GBX 21.63 earnings per share for the quarter. Capita had a negative return on equity of 28.00% and a negative net margin of 1.64%.

Capita Company Profile

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.