Capita (LON:CPI) Trading Up 13.8% – Still a Buy?

Capita plc (LON:CPI) shares traded up 13.8% on Thursday . The company traded as high as GBX 275 and last traded at GBX 273.70. 7,342,268 shares traded hands during mid-day trading, an increase of 309% from the average session volume of 1,793,705 shares. The stock had previously closed at GBX 240.50.

Analysts Set New Price Targets

A number of research firms have commented on CPI. Canaccord Genuity Group reissued a “buy” rating and issued a GBX 900 price target on shares of Capita in a research note on Wednesday, March 11th. Berenberg Bank lowered their price objective on shares of Capita to GBX 330 and set a “hold” rating on the stock in a research report on Wednesday, March 11th. Three research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat, Capita has a consensus rating of “Moderate Buy” and an average target price of GBX 489.

Capita Stock Performance

The company has a 50 day simple moving average of GBX 343.09 and a 200-day simple moving average of GBX 337.58. The company has a debt-to-equity ratio of 964.14, a current ratio of 0.54 and a quick ratio of 0.53. The stock has a market cap of £309.97 million, a P/E ratio of 20.10, a price-to-earnings-growth ratio of 0.18 and a beta of 0.66.

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

Insider Activity at Capita

In other Capita news, insider Adolfo Hernandez acquired 34,540 shares of the 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 acquired at an average cost of GBX 280 per share, with a total value of £34,098.40. In the last ninety days, insiders acquired 58,718 shares of company stock valued at $16,346,500. 13.40% of the stock is owned by insiders.

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.