Canaccord Genuity Group Reaffirms Buy Rating for Capita (LON:CPI)

Capita (LON:CPI)‘s stock had its “buy” rating restated by equities research analysts at Canaccord Genuity Group in a research note issued on Monday, MarketBeat.com reports. They currently have a GBX 900 price target on the stock. Canaccord Genuity Group’s target price would indicate a potential upside of 130.77% from the company’s previous close.

Several other research analysts have also recently weighed in on CPI. Peel Hunt reiterated a “buy” rating and set a GBX 321 price target on shares of Capita in a research report on Friday, November 7th. Berenberg Bank assumed coverage on shares of Capita in a research note on Wednesday, October 29th. They set a “hold” rating and a GBX 350 price objective on the stock. Three investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of GBX 494.

Capita Stock Performance

LON CPI opened at GBX 390 on Monday. The firm has a market capitalization of £443.62 million, a P/E ratio of 28.76, a PEG ratio of 0.18 and a beta of 1.95. The stock has a 50-day simple moving average of GBX 333.51 and a two-hundred day simple moving average of GBX 299.24. The company has a debt-to-equity ratio of 291.56, a quick ratio of 0.53 and a current ratio of 0.53. Capita has a fifty-two week low of GBX 168 and a fifty-two week high of GBX 415.50.

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.