Capita (LON:CPI) Stock Price Up 9.8% – Should You Buy?

Shares of Capita plc (LON:CPI) were up 9.8% on Wednesday . The company traded as high as GBX 301.50 and last traded at GBX 301.50. Approximately 769,474 shares were traded during trading, a decline of 51% from the average session volume of 1,554,545 shares. The stock had previously closed at GBX 274.50.

Analyst Upgrades and Downgrades

A number of equities analysts have recently weighed in on the stock. Berenberg Bank dropped their price target on shares of Capita to GBX 330 and set a “hold” rating on the stock in a research note on Wednesday, March 11th. Royal Bank Of Canada reiterated an “outperform” rating and issued a GBX 450 target price on shares of Capita in a research note on Friday, March 27th. Canaccord Genuity Group reiterated a “buy” rating and set a GBX 900 price target on shares of Capita in a report on Friday, March 27th. Deutsche Bank Aktiengesellschaft increased their target price on shares of Capita from GBX 300 to GBX 320 and gave the company a “hold” rating in a research note on Friday, March 27th. Finally, Shore Capital Group reiterated a “buy” rating on shares of Capita in a research note on Thursday, April 23rd. Four investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of GBX 464.20.

Capita Stock Up 1.6%

The firm’s 50-day simple moving average is GBX 331.73 and its two-hundred day simple moving average is GBX 339.17. The stock has a market cap of £372.52 million, a price-to-earnings ratio of -2.16, a PEG ratio of 0.18 and a beta of 0.90. The company has a debt-to-equity ratio of 1,526.79, a quick ratio of 0.53 and a current ratio of 0.54.

Insider Transactions at Capita

In other Capita news, insider Adolfo Hernandez bought 2,763 shares of the company’s stock in a transaction on Friday, May 29th. The stock was bought at an average price of GBX 405 per share, for a total transaction of £11,190.15. Also, insider Pablo Andres acquired 1,767 shares of the company’s stock in a transaction that occurred on Friday, May 29th. The stock was bought at an average price of GBX 402 per share, with a total value of £7,103.34. Insiders have bought 27,410 shares of company stock valued at $10,897,189 in the last three months. Company insiders own 5.34% of the company’s stock.

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.