Capita (LON:CPI) Trading Down 13.5% – What’s Next?

Capita plc (LON:CPI) shares dropped 13.5% during mid-day trading on Tuesday . The stock traded as low as GBX 271.50 and last traded at GBX 281. Approximately 3,886,554 shares changed hands during trading, an increase of 152% from the average session volume of 1,544,179 shares. The stock had previously closed at GBX 325.

Analyst Ratings Changes

CPI has been the subject of several research analyst reports. Shore Capital Group reaffirmed a “buy” rating on shares of Capita in a research report on Thursday, April 23rd. Canaccord Genuity Group reiterated a “buy” rating and set a GBX 900 target price on shares of Capita in a report on Friday, March 27th. Berenberg Bank reduced their price target on Capita to GBX 330 and set a “hold” rating for the company in a report on Wednesday, March 11th. Royal Bank Of Canada reaffirmed an “outperform” rating and issued a GBX 450 price objective on shares of Capita in a research report on Friday, March 27th. Finally, Deutsche Bank Aktiengesellschaft raised their price target on shares of Capita from GBX 300 to GBX 320 and gave the company a “hold” rating in a report on Friday, March 27th. Four equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of GBX 464.20.

Capita Stock Down 13.5%

The company’s 50 day moving average price is GBX 333.01 and its two-hundred day moving average price is GBX 338.04. The company has a current ratio of 0.54, a quick ratio of 0.53 and a debt-to-equity ratio of 1,526.79. The firm has a market cap of £336.58 million, a PE ratio of -1.95, a PEG ratio of 0.18 and a beta of 0.91.

Insider Buying and Selling

In related news, insider Pablo Andres bought 1,767 shares of the stock in a transaction that occurred on Friday, May 29th. The shares were bought at an average cost of GBX 402 per share, for a total transaction of £7,103.34. Also, insider Daniel Wosner purchased 20,000 shares of the business’s stock in a transaction on Thursday, May 28th. The shares were bought at an average cost of GBX 404 per share, with a total value of £80,800. Insiders purchased a total of 27,410 shares of company stock valued at $10,897,189 in the last 90 days. 5.34% of the stock is owned by company 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.