Capita (LON:CPI) Stock Passes Above 200-Day Moving Average – Here’s What Happened

Shares of Capita plc (LON:CPI) passed above its 200-day moving average during trading on Monday . The stock has a 200-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 traded.

Wall Street Analyst Weigh In

CPI has been the topic of several research analyst reports. Berenberg Bank cut their price objective on Capita to GBX 330 and set a “hold” rating on the stock in a research report on Wednesday, March 11th. Deutsche Bank Aktiengesellschaft boosted their price objective on 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. Canaccord Genuity Group reaffirmed a “buy” rating and set a GBX 900 price target on shares of Capita in a research report on Friday, March 27th. Finally, Shore Capital Group reaffirmed a “buy” rating on shares of Capita in a research report on Thursday, April 23rd. Four equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of GBX 464.20.

Capita Stock Performance

The company has a debt-to-equity ratio of 964.14, a quick ratio of 0.53 and a current ratio of 0.54. The company has a market capitalization of £455.14 million, a P/E ratio of -2.64, a price-to-earnings-growth ratio of 0.18 and a beta of 0.82. The business has a 50 day moving average of GBX 288.69 and a 200-day moving average of GBX 337.51.

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

Insider Transactions at Capita

In other news, insider Adolfo Hernandez acquired 34,540 shares of the business’s stock in a transaction dated Friday, March 13th. The stock was purchased at an average cost of GBX 279 per share, for a total transaction of £96,366.60. Also, insider Pablo Andres acquired 12,178 shares of the business’s stock in a transaction dated Wednesday, March 11th. The stock was purchased at an average price of GBX 280 per share, with a total value of £34,098.40. Insiders bought a total of 58,718 shares of company stock valued at $16,346,500 over the last quarter. Company 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.