Capita (LON:CPI) Stock Crosses Below 200-Day Moving Average – Should You Sell?

Capita plc (LON:CPI) shares passed below its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of GBX 342.86 and traded as low as GBX 296. Capita shares last traded at GBX 302, with a volume of 347,439 shares trading hands.

Analyst Ratings Changes

A number of equities analysts have commented on the stock. Berenberg Bank cut their price target on shares of Capita to GBX 330 and set a “hold” rating for the company in a research note on Wednesday, March 11th. Canaccord Genuity Group restated a “buy” rating and set a GBX 900 price objective on shares of Capita in a research report on Friday, March 27th. Deutsche Bank Aktiengesellschaft raised their price objective 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. Shore Capital Group reiterated a “buy” rating on shares of Capita in a research report on Thursday, April 23rd. Finally, Royal Bank Of Canada reissued an “outperform” rating and issued a GBX 450 target price on shares of Capita in a research note on Friday, March 27th. Four research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. According to MarketBeat.com, Capita currently has a consensus rating of “Moderate Buy” and a consensus price target of GBX 464.20.

Capita Trading Up 0.5%

The stock has a market capitalization of £364.73 million, a P/E ratio of -2.11, a price-to-earnings-growth ratio of 0.18 and a beta of 0.84. The stock’s fifty day moving average price is GBX 330.69 and its two-hundred day moving average price is GBX 342.49. The company has a current ratio of 0.54, a quick ratio of 0.53 and a debt-to-equity ratio of 1,526.79.

Insider Buying and Selling at Capita

In other Capita news, insider Daniel Wosner purchased 20,000 shares of the business’s stock in a transaction on Thursday, May 28th. The stock was acquired at an average cost of GBX 404 per share, for a total transaction of £80,800. Also, insider Adolfo Hernandez acquired 2,763 shares of Capita stock in a transaction dated Friday, May 29th. The shares were bought at an average cost of GBX 405 per share, for a total transaction of £11,190.15. Over the last three months, insiders acquired 27,410 shares of company stock valued at $10,897,189. Company insiders own 5.34% of the company’s stock.

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.