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

Capita plc (LON:CPI)’s share price passed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of GBX 323.20 and traded as high as GBX 392.50. Capita shares last traded at GBX 386.40, with a volume of 132,293 shares trading hands.

Analyst Ratings Changes

A number of equities research analysts have commented on the company. Canaccord Genuity Group reissued a “buy” rating and issued a GBX 900 price objective on shares of Capita in a research note on Monday, December 15th. Peel Hunt reiterated a “buy” rating and issued a GBX 321 target price on shares of Capita in a report on Friday, November 7th. Finally, Berenberg Bank started coverage on shares of Capita in a research report on Wednesday, October 29th. They issued a “hold” rating and a GBX 350 price target for the company. Three analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of GBX 494.

Capita Trading Down 2.8%

The stock has a market capitalization of £428.26 million, a PE ratio of 27.77, a P/E/G ratio of 0.18 and a beta of 1.95. The company has a quick ratio of 0.53, a current ratio of 0.53 and a debt-to-equity ratio of 291.56. The firm has a 50 day moving average price of GBX 388.18 and a 200 day moving average price of GBX 323.20.

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.