Capita’s (CPI) Buy Rating Reaffirmed at Shore Capital Group

Capita (LON:CPI)‘s stock had its “buy” rating reiterated by equities researchers at Shore Capital Group in a research report issued to clients and investors on Thursday,London Stock Exchange reports.

CPI has been the subject of several other reports. Canaccord Genuity Group reaffirmed a “buy” rating and set a GBX 900 price target on shares of Capita in a research note on Friday, March 27th. Deutsche Bank Aktiengesellschaft upped their price target on shares of Capita from GBX 300 to GBX 320 and gave the stock a “hold” rating in a research report on Friday, March 27th. Royal Bank Of Canada reissued an “outperform” rating and issued a GBX 450 price objective on shares of Capita in a research report on Friday, March 27th. Finally, Berenberg Bank lowered their price objective on shares of Capita to GBX 330 and set a “hold” rating on the stock in a research note on Wednesday, March 11th. Four investment 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 an average rating of “Moderate Buy” and a consensus price target of GBX 464.20.

Capita Stock Down 5.4%

Shares of CPI traded down GBX 15.94 during midday trading on Thursday, hitting GBX 279.56. The stock had a trading volume of 954,354 shares, compared to its average volume of 1,650,571. The firm has a market cap of £318.00 million, a price-to-earnings ratio of -1.94, a price-to-earnings-growth ratio of 0.18 and a beta of 0.80. The company has a 50 day simple moving average of GBX 299.05 and a two-hundred day simple moving average of GBX 337.91. Capita has a twelve month low of GBX 180.02 and a twelve month high of GBX 415.50. The company has a debt-to-equity ratio of 964.14, a current ratio of 0.54 and a quick ratio of 0.53.

Capita (LON:CPI) last posted its quarterly earnings data on Tuesday, March 10th. The company reported GBX 49.71 earnings per share (EPS) for the quarter. Capita had a negative return on equity of 142.88% and a negative net margin of 7.45%.

Insider Buying and Selling

In other Capita news, insider Pablo Andres purchased 12,178 shares of the business’s stock in a transaction on Wednesday, March 11th. The stock was acquired at an average price of GBX 280 per share, with a total value of £34,098.40. Also, insider Adolfo Hernandez acquired 34,540 shares of Capita stock in a transaction on Friday, March 13th. The shares were bought at an average cost of GBX 279 per share, with a total value of £96,366.60. Insiders have purchased a total of 58,718 shares of company stock worth $16,346,500 over the last three months. 13.40% of the stock is owned by insiders.

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.