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

Capita plc (LON:CPI) has received a consensus rating of “Moderate Buy” from the six ratings firms that are presently covering the company, MarketBeat reports. Two research analysts have rated the stock with a hold recommendation and four have assigned a buy recommendation to the company. The average twelve-month target price among analysts that have updated their coverage on the stock in the last year is GBX 464.20.

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

Insider Buying and Selling

In other Capita news, insider Adolfo Hernandez purchased 2,763 shares of the business’s stock in a transaction that occurred on Friday, May 29th. The shares were acquired at an average price of GBX 405 per share, for a total transaction of £11,190.15. Also, insider Daniel Wosner purchased 20,000 shares of the business’s stock in a transaction that occurred on Thursday, May 28th. The stock was acquired at an average price of GBX 404 per share, for a total transaction of £80,800. Over the last 90 days, insiders have acquired 24,530 shares of company stock worth $9,909,349. 5.34% of the stock is currently owned by corporate insiders.

Capita Trading Up 0.1%

Shares of CPI opened at GBX 349.50 on Wednesday. The stock’s 50-day moving average is GBX 322.77 and its two-hundred day moving average is GBX 343.77. The stock has a market cap of £418.63 million, a PE ratio of -2.42, a P/E/G ratio of 0.18 and a beta of 0.82. Capita has a 12 month low of GBX 224 and a 12 month high of GBX 416. The company has a debt-to-equity ratio of 964.14, a current ratio of 0.54 and a quick ratio of 0.53.

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.