Capita plc (LON:CPI) Receives Average Rating of “Moderate Buy” from Brokerages

Capita plc (LON:CPI) has been assigned an average recommendation of “Moderate Buy” from the six brokerages that are presently covering the firm, MarketBeat reports. Two investment analysts have rated the stock with a hold recommendation and four have given a buy recommendation to the company. The average 12-month price objective among brokers that have issued a report on the stock in the last year is GBX 408.20.

A number of equities analysts recently weighed in on CPI shares. Canaccord Genuity Group restated a “buy” rating and set a GBX 750 target price on shares of Capita in a report on Wednesday, August 5th. Deutsche Bank Aktiengesellschaft reissued a “hold” rating and issued a GBX 260 price objective on shares of Capita in a research report on Wednesday, August 5th. Berenberg Bank dropped their price objective on Capita from GBX 330 to GBX 270 and set a “hold” rating on the stock in a research note on Wednesday, August 5th. Finally, Peel Hunt restated a “buy” rating and set a GBX 311 target price on shares of Capita in a research note on Tuesday, August 4th.

Capita Stock Performance

CPI opened at GBX 285.18 on Monday. The business’s 50-day simple moving average is GBX 274.06 and its 200 day simple moving average is GBX 304.78. Capita has a 52-week low of GBX 215 and a 52-week high of GBX 416. The company has a debt-to-equity ratio of 6,255.83, a quick ratio of 0.53 and a current ratio of 0.53. The firm has a market capitalization of £341.59 million, a PE ratio of -1.98, a PEG ratio of 0.18 and a beta of 0.87.

Capita (LON:CPI) last posted its quarterly earnings results on Tuesday, August 4th. The company reported GBX 13.38 earnings per share for the quarter. Capita had a negative return on equity of 677.10% and a negative net margin of 10.32%.

Insider Buying and Selling at Capita

In other Capita news, insider Pablo Andres acquired 1,767 shares of the business’s stock in a transaction on Friday, May 29th. The stock was purchased at an average price of GBX 402 per share, with a total value of £7,103.34. Also, insider Georgina Harvey bought 2,880 shares of the firm’s stock in a transaction on Monday, June 15th. The shares were acquired at an average price of GBX 343 per share, for a total transaction of £9,878.40. Over the last ninety days, insiders have acquired 27,410 shares of company stock valued at $10,897,189. 5.34% of the stock is currently owned by insiders.

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.