Capita (LON:CPI) Stock Price Passes Above 200-Day Moving Average – Here’s Why

Capita plc (LON:CPI)’s share price crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of GBX 240.97 ($3.21) and traded as high as GBX 335 ($4.47). Capita shares last traded at GBX 329 ($4.39), with a volume of 991,019 shares.

Wall Street Analyst Weigh In

CPI has been the topic of several research reports. Canaccord Genuity Group started coverage on shares of Capita in a report on Monday, September 29th. They issued a “buy” rating and a GBX 900 price target on the stock. Deutsche Bank Aktiengesellschaft upped their price objective on shares of Capita from GBX 375 to GBX 405 and gave the company a “buy” rating in a report on Friday, July 4th. Finally, Shore Capital reissued a “hold” rating on shares of Capita in a report on Tuesday, August 5th. Two research analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of GBX 652.50.

Capita Price Performance

The company has a debt-to-equity ratio of 291.56, a current ratio of 0.53 and a quick ratio of 0.53. The stock has a fifty day simple moving average of GBX 275.39 and a 200-day simple moving average of GBX 240.97. The company has a market capitalization of £374.80 million, a price-to-earnings ratio of 24.30, a P/E/G ratio of 0.18 and a beta of 1.95.

Capita (LON:CPI) last issued its quarterly earnings data on Tuesday, August 5th. The company reported GBX 21.63 EPS for the quarter. Capita had a negative net margin of 1.64% and a negative return on equity of 28.00%.

Insider Buying and Selling at Capita

In other news, insider Jack Clarke acquired 5,165 shares of the firm’s stock in a transaction on Monday, September 15th. The stock was acquired at an average price of GBX 260 per share, for a total transaction of £13,429. Company insiders own 13.40% 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.