Berenberg Bank Cuts Capita (LON:CPI) Price Target to GBX 270

Capita (LON:CPI) had its price target cut by Berenberg Bank from GBX 330 to GBX 270 in a report issued on Wednesday,Digital Look reports. They currently have a hold rating on the stock.

CPI has been the subject of a number of other research reports. Canaccord Genuity Group cut their price objective on shares of Capita from GBX 900 to GBX 750 and set a “buy” rating for the company in a report on Friday, July 10th. Peel Hunt reissued a “buy” rating and set a GBX 311 target price on shares of Capita in a research note on Tuesday. Finally, Shore Capital Group reissued a “buy” rating on shares of Capita in a research note on Thursday, April 23rd. Four investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of GBX 408.20.

Capita Trading Up 3.7%

Capita stock opened at GBX 264 on Wednesday. The company has a current ratio of 0.53, a quick ratio of 0.53 and a debt-to-equity ratio of 6,255.83. Capita has a 12 month low of GBX 215 and a 12 month high of GBX 416. The stock’s 50 day simple moving average is GBX 292.90 and its two-hundred day simple moving average is GBX 313.29. The firm has a market cap of £316.22 million, a PE ratio of -1.83, a P/E/G ratio of 0.18 and a beta of 0.87.

Capita (LON:CPI) last issued its quarterly earnings data on Tuesday, August 4th. The company reported GBX 13.38 EPS for the quarter. Capita had a negative net margin of 10.32% and a negative return on equity of 677.10%.

Insider Activity at Capita

In related news, insider Daniel Wosner acquired 20,000 shares of Capita 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. Also, insider Pablo Andres acquired 1,767 shares of the firm’s stock in a transaction on Friday, May 29th. The shares were bought at an average cost of GBX 402 per share, for a total transaction of £7,103.34. Insiders bought a total of 27,410 shares of company stock worth $10,897,189 over the last 90 days. 5.34% of the stock is owned by insiders.

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.