Capita plc (LON:CPI) Given Average Rating of “Moderate Buy” by Brokerages

Shares of Capita plc (LON:CPI) have been assigned an average rating of “Moderate Buy” from the six ratings firms that are covering the company, MarketBeat reports. Two research analysts have rated the stock with a hold recommendation and four have given a buy recommendation to the company. The average 12-month price target among brokers that have covered the stock in the last year is GBX 464.20.

CPI has been the subject of a number of recent research reports. Deutsche Bank Aktiengesellschaft boosted their price objective on Capita from GBX 300 to GBX 320 and gave the company a “hold” rating in a research note on Friday, March 27th. Canaccord Genuity Group reiterated a “buy” rating and set a GBX 900 price objective on shares of Capita in a research note on Friday, March 27th. Royal Bank Of Canada reiterated an “outperform” rating and set a GBX 450 price objective on shares of Capita in a research note on Friday, March 27th. Shore Capital Group reiterated a “buy” rating on shares of Capita in a research note on Thursday, April 23rd. Finally, Berenberg Bank cut their price objective on Capita to GBX 330 and set a “hold” rating for the company in a research note on Wednesday, March 11th.

Capita Stock Down 2.7%

Capita stock opened at GBX 350.15 on Wednesday. The stock has a market cap of £419.41 million, a PE ratio of -2.43, a price-to-earnings-growth ratio of 0.18 and a beta of 0.82. 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 stock has a fifty day moving average of GBX 317.80 and a 200 day moving average of GBX 343.18. Capita has a one year low of GBX 224 and a one year high of GBX 416.

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

Insider Buying and Selling

In other Capita news, insider Pablo Andres purchased 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, with a total value of £7,103.34. Also, insider Daniel Wosner purchased 20,000 shares of the stock in a transaction that occurred on Thursday, May 28th. The stock was acquired at an average cost of GBX 404 per share, for a total transaction of £80,800. In the last three months, insiders have acquired 59,070 shares of company stock valued at $19,546,009. Corporate insiders own 5.34% 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.