Berenberg Bank Cuts Capita (LON:CPI) Price Target to GBX 330

Capita (LON:CPI) had its price objective decreased by Berenberg Bank to GBX 330 in a report issued on Wednesday, Marketbeat.com reports. Berenberg Bank currently has a hold rating on the stock.

Separately, Canaccord Genuity Group reaffirmed a “buy” rating and issued a GBX 900 price target on shares of Capita in a research note on Wednesday. Three research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of GBX 489.

Capita Stock Performance

Shares of CPI opened at GBX 270.50 on Wednesday. The company has a market capitalization of £307.69 million, a PE ratio of 19.95, a PEG ratio of 0.18 and a beta of 0.66. 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’s 50 day moving average price is GBX 368.06 and its 200 day moving average price is GBX 336.55. Capita has a 52 week low of GBX 168 and a 52 week high of GBX 415.50.

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

Insider Activity at Capita

In other news, insider Pablo Andres purchased 12,178 shares of the stock in a transaction that occurred 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. 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.