Analysts Set Capita plc (LON:CPI) Price Target at GBX 464.20

Shares of Capita plc (LON:CPI) have earned a consensus recommendation of “Moderate Buy” from the six brokerages that are currently covering the firm, MarketBeat.com reports. Two equities research analysts have rated the stock with a hold rating and four have issued a buy rating on the company. The average 12 month price objective among brokers that have updated their coverage on the stock in the last year is GBX 464.20.

Several analysts have issued reports on CPI shares. Royal Bank Of Canada restated 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 restated a “buy” rating and issued a GBX 900 target price on shares of Capita in a research note on Friday, March 27th. Shore Capital Group restated a “buy” rating on shares of Capita in a research note on Thursday, April 23rd. Berenberg Bank lowered their target price on Capita to GBX 330 and set a “hold” rating on the stock in a research note on Wednesday, March 11th. Finally, Deutsche Bank Aktiengesellschaft boosted their target price on Capita from GBX 300 to GBX 320 and gave the company a “hold” rating in a research note on Friday, March 27th.

Insider Transactions at Capita

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

Capita Trading Down 0.7%

Shares of CPI stock opened at GBX 335 on Wednesday. The company has a 50 day moving average of GBX 325.50 and a 200-day moving average of GBX 343.98. The company has a quick ratio of 0.53, a current ratio of 0.54 and a debt-to-equity ratio of 1,526.79. Capita has a 12-month low of GBX 224 and a 12-month high of GBX 416. The firm has a market cap of £401.26 million, a P/E ratio of -2.32, a PEG ratio of 0.18 and a beta of 0.82.

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.