Capita (LON:CPI) Receives “Buy” Rating from Canaccord Genuity Group

Capita (LON:CPI)‘s stock had its “buy” rating reaffirmed by analysts at Canaccord Genuity Group in a report issued on Friday,London Stock Exchange reports. They presently have a GBX 900 price target on the stock. Canaccord Genuity Group’s price target indicates a potential upside of 231.49% from the company’s previous close.

Several other research firms also recently issued reports on CPI. Berenberg Bank cut their price target on Capita to GBX 330 and set a “hold” rating for the company in a research note on Wednesday, March 11th. Shore Capital Group reissued a “buy” rating on shares of Capita in a research note on Thursday. Four research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of GBX 464.20.

Capita Stock Performance

LON CPI opened at GBX 271.50 on Friday. The business has a 50 day moving average price of GBX 340.75 and a 200 day moving average price of GBX 337.15. The company has a market capitalization of £308.83 million, a P/E ratio of 20.02, a PEG ratio of 0.18 and a beta of 0.66. Capita has a 1-year low of GBX 168 and a 1-year high of GBX 415.50. The company has a debt-to-equity ratio of 964.14, a current ratio of 0.54 and a quick ratio of 0.53.

Capita (LON:CPI) last posted its earnings results on Tuesday, March 10th. The company reported GBX 49.71 EPS for the quarter. Capita had a negative return on equity of 142.88% and a negative net margin of 7.45%.

Insider Buying and Selling

In related news, insider Adolfo Hernandez bought 34,540 shares of the stock in a transaction on Friday, March 13th. The shares were purchased at an average price of GBX 279 per share, for a total transaction of £96,366.60. Also, insider Pablo Andres purchased 12,178 shares of the company’s stock in a transaction on Wednesday, March 11th. The shares were bought at an average cost of GBX 280 per share, with a total value of £34,098.40. In the last ninety days, insiders purchased 58,718 shares of company stock worth $16,346,500. 13.40% of the stock is owned by corporate insiders.

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. We play an integral role in society – our work matters to the lives of the millions of people who rely on us every day.