Capita (LON:CPI) Share Price Breaks Below 50 Day Moving Average – Here’s What Happened

Capita plc (LON:CPI)’s stock price passed below its 50 day moving average during trading on Tuesday. The stock has a 50 day moving average of GBX 254.65 and traded as low as GBX 249.50. Capita shares last traded at GBX 253.50, with a volume of 3,897,750 shares changing hands.

Analyst Upgrades and Downgrades

A number of research analysts recently commented on CPI shares. Canaccord Genuity Group reaffirmed a “buy” rating and set a GBX 750 price objective on shares of Capita in a research report on Wednesday, August 5th. Peel Hunt reiterated a “buy” rating and issued a GBX 311 target price on shares of Capita in a research report on Friday, October 2nd. Berenberg Bank cut their target price on shares of Capita from GBX 330 to GBX 270 and set a “hold” rating for the company in a research report on Wednesday, August 5th. Finally, Deutsche Bank Aktiengesellschaft reissued a “hold” rating and set a GBX 260 target price on shares of Capita in a research note on Wednesday, August 5th. Four equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat, Capita currently has an average rating of “Moderate Buy” and an average price target of GBX 408.20.

Capita Stock Up 2.0%

The business has a 50 day simple moving average of GBX 254.65 and a 200 day simple moving average of GBX 296.62. The company has a debt-to-equity ratio of 6,255.83, a current ratio of 0.53 and a quick ratio of 0.53. The stock has a market cap of £310.21 million, a PE ratio of -1.48, a P/E/G ratio of 0.18 and a beta of 0.88.

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%.

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.