Capita (LON:CPI) Shares Down 7.6% – What’s Next?

Shares of Capita plc (LON:CPI) traded down 7.6% on Wednesday . The company traded as low as GBX 369.50 and last traded at GBX 370.50. 3,891,532 shares traded hands during trading, an increase of 151% from the average session volume of 1,550,101 shares. The stock had previously closed at GBX 401.

Analyst Ratings Changes

Several analysts recently weighed in on CPI shares. Canaccord Genuity Group reissued a “buy” rating and issued a GBX 900 price objective on shares of Capita in a research note on Friday, March 27th. Shore Capital Group reaffirmed a “buy” rating on shares of Capita in a research report on Thursday, April 23rd. Deutsche Bank Aktiengesellschaft raised their price target on shares of Capita from GBX 300 to GBX 320 and gave the company a “hold” rating in a research report on Friday, March 27th. Berenberg Bank cut their price target on shares of Capita to GBX 330 and set a “hold” rating on the stock in a report on Wednesday, March 11th. Finally, Royal Bank Of Canada reaffirmed an “outperform” rating and set a GBX 450 price target on shares of Capita in a research report on Friday, March 27th. Four equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of GBX 464.20.

Capita Trading Up 3.8%

The company has a market capitalization of £454.57 million, a PE ratio of -2.63, a PEG ratio of 0.18 and a beta of 0.82. The company has a current ratio of 0.54, a quick ratio of 0.53 and a debt-to-equity ratio of 964.14. The stock has a fifty day moving average of GBX 311.26 and a two-hundred day moving average of GBX 342.04.

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

Insider Transactions at Capita

In related news, insider Pablo Andres purchased 12,178 shares of the firm’s stock in a transaction on Wednesday, March 11th. The shares were acquired at an average cost of GBX 280 per share, with a total value of £34,098.40. Also, insider Daniel Wosner purchased 20,000 shares of the firm’s stock in a transaction on Thursday, May 28th. The stock was bought at an average cost of GBX 404 per share, for a total transaction of £80,800. Over the last quarter, insiders have purchased 83,248 shares of company stock worth $26,255,849. 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. We play an integral role in society – our work matters to the lives of the millions of people who rely on us every day.