Capita (LON:CPI) Trading 9.8% Higher – Time to Buy?

Shares of Capita plc (LON:CPI) rose 9.8% on Wednesday . The stock traded as high as GBX 301.50 and last traded at GBX 301.50. Approximately 769,474 shares were traded during mid-day trading, a decline of 51% from the average session volume of 1,554,545 shares. The stock had previously closed at GBX 274.50.

Analysts Set New Price Targets

Several brokerages recently commented on CPI. Royal Bank Of Canada reiterated an “outperform” rating and issued a GBX 450 target price on shares of Capita in a report on Friday, March 27th. Berenberg Bank dropped their price target on shares of Capita to GBX 330 and set a “hold” rating on the stock in a research report on Wednesday, March 11th. Shore Capital Group reaffirmed a “buy” rating on shares of Capita in a research note on Thursday, April 23rd. Deutsche Bank Aktiengesellschaft increased their price objective on shares of Capita from GBX 300 to GBX 320 and gave the stock a “hold” rating in a research report on Friday, March 27th. Finally, Canaccord Genuity Group reissued a “buy” rating and set a GBX 900 target price on shares of Capita in a research note on Friday, March 27th. Four equities 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, Capita presently has an average rating of “Moderate Buy” and a consensus target price of GBX 464.20.

Capita Trading Up 9.8%

The firm has a 50-day moving average of GBX 331.25 and a 200 day moving average of GBX 340.45. The company has a market cap of £361.14 million, a P/E ratio of -2.09, a price-to-earnings-growth ratio of 0.18 and a beta of 0.84. 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.

Insiders Place Their Bets

In related news, insider Georgina Harvey acquired 2,880 shares of the stock in a transaction dated Monday, June 15th. The stock was bought at an average price of GBX 343 per share, for a total transaction of £9,878.40. Also, insider Daniel Wosner bought 20,000 shares of the company’s stock in a transaction that occurred on Thursday, May 28th. The shares were bought at an average price of GBX 404 per share, for a total transaction of £80,800. Insiders bought a total of 27,410 shares of company stock valued at $10,897,189 in the last ninety days. 5.34% 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.