Capita (LON:CPI) Shares Up 7.4% – Here’s What Happened
by Jessica Moore · The Cerbat GemCapita plc (LON:CPI – Get Free Report)’s share price shot up 7.4% on Monday . The stock traded as high as GBX 343 and last traded at GBX 343. 952,255 shares were traded during mid-day trading, a decline of 41% from the average session volume of 1,623,940 shares. The stock had previously closed at GBX 319.26.
Wall Street Analysts Forecast Growth
Several research analysts have issued reports on the stock. Berenberg Bank decreased 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. Royal Bank Of Canada reiterated an “outperform” rating and set a GBX 450 price objective on shares of Capita in a research report on Friday, March 27th. Deutsche Bank Aktiengesellschaft increased their price objective on Capita from GBX 300 to GBX 320 and gave the company a “hold” rating in a research report on Friday, March 27th. Canaccord Genuity Group reaffirmed a “buy” rating and set a GBX 900 target price on shares of Capita in a research report on Friday, March 27th. Finally, Shore Capital Group reaffirmed a “buy” rating on shares of Capita in a report on Thursday, April 23rd. Four research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of GBX 464.20.
View Our Latest Stock Analysis on CPI
Capita Stock Performance
The firm has a market capitalization of £410.85 million, a PE ratio of -2.38, a P/E/G ratio of 0.18 and a beta of 0.82. The company has a debt-to-equity ratio of 964.14, a current ratio of 0.54 and a quick ratio of 0.53. The firm has a fifty day moving average price of GBX 283 and a 200 day moving average price of GBX 335.55.
Capita (LON:CPI – Get Free Report) last announced 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 at Capita
In other Capita news, insider Adolfo Hernandez acquired 34,540 shares of Capita stock in a transaction that occurred on Friday, March 13th. The stock was purchased at an average cost of GBX 279 per share, with a total value of £96,366.60. Also, insider Pablo Andres acquired 12,178 shares of Capita stock in a transaction that occurred on Wednesday, March 11th. The stock was acquired at an average cost of GBX 280 per share, with a total value of £34,098.40. Insiders have purchased 58,718 shares of company stock worth $16,346,500 over the last three months. 13.40% 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.