Capita (LON:CPI) Shares Down 14.7% – Time to Sell?

Capita plc (LON:CPI)’s share price was down 14.7% during trading on Tuesday . The company traded as low as GBX 280 and last traded at GBX 300. Approximately 851,182 shares changed hands during trading, a decline of 4% from the average daily volume of 886,863 shares. The stock had previously closed at GBX 351.50.

Analysts Set New Price Targets

Separately, Canaccord Genuity Group restated a “buy” rating and issued a GBX 900 target price on shares of Capita in a research note on Monday, December 15th. Three equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of GBX 494.

Capita Stock Performance

The stock has a 50-day simple moving average of GBX 377.83 and a 200 day simple moving average of GBX 336.67. The company has a debt-to-equity ratio of 409.05, a current ratio of 0.67 and a quick ratio of 0.53. The company has a market capitalization of £346.82 million, a PE ratio of 22.49, a P/E/G ratio of 0.18 and a beta of 1.95.

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.