Capita’s (CPI) Buy Rating Reiterated at Canaccord Genuity Group

Canaccord Genuity Group restated their buy rating on shares of Capita (LON:CPI) in a report released on Wednesday,Digital Look reports. Canaccord Genuity Group currently has a GBX 750 target price on the stock.

A number of other equities research analysts have also recently weighed in on CPI. Berenberg Bank dropped their price objective on Capita from GBX 330 to GBX 270 and set a “hold” rating for the company in a research note on Wednesday. Peel Hunt reissued a “buy” rating and set a GBX 311 target price on shares of Capita in a research note on Tuesday. Finally, Shore Capital Group restated a “buy” rating on shares of Capita in a report on Thursday, April 23rd. Four analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat, Capita presently has a consensus rating of “Moderate Buy” and an average target price of GBX 408.20.

Capita Stock Up 3.7%

Capita stock opened at GBX 264 on Wednesday. Capita has a fifty-two week low of GBX 215 and a fifty-two week high of GBX 416. The company has a debt-to-equity ratio of 6,255.83, a quick ratio of 0.53 and a current ratio of 0.53. The firm has a 50 day moving average price of GBX 292.90 and a 200 day moving average price of GBX 313.29. The company has a market capitalization of £316.22 million, a PE ratio of -1.83, a price-to-earnings-growth ratio of 0.18 and a beta of 0.87.

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

Insider Buying and Selling at Capita

In other Capita news, insider Pablo Andres purchased 1,767 shares of the company’s stock in a transaction on Friday, May 29th. The stock was acquired at an average price of GBX 402 per share, for a total transaction of £7,103.34. Also, insider Georgina Harvey sold 400 shares of the company’s stock in a transaction dated Monday, June 15th. The stock was sold at an average price of GBX 340, for a total value of £1,360. Insiders bought 27,410 shares of company stock valued at $10,897,189 in the last 90 days. Corporate insiders own 5.34% 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.