Capita (LON:CPI) Coverage Initiated at Canaccord Genuity Group

Stock analysts at Canaccord Genuity Group started coverage on shares of Capita (LON:CPI) in a research report issued to clients and investors on Monday, MarketBeat reports. The brokerage set a “buy” rating and a GBX 900 price target on the stock. Canaccord Genuity Group’s target price would suggest a potential upside of 176.82% from the company’s current price.

Other equities research analysts have also recently issued research reports about the company. Shore Capital reaffirmed a “hold” rating on shares of Capita in a research note on Tuesday, August 5th. Deutsche Bank Aktiengesellschaft upped their target price on Capita from GBX 375 to GBX 405 and gave the stock a “buy” rating in a research report on Friday, July 4th. Two equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of GBX 652.50.

Capita Trading Up 1.1%

LON:CPI opened at GBX 325.12 on Monday. The stock has a market cap of £369.82 million, a PE ratio of 2,397.64, a price-to-earnings-growth ratio of 0.18 and a beta of 1.95. Capita has a fifty-two week low of GBX 168 and a fifty-two week high of GBX 358.50. The company has a debt-to-equity ratio of 291.56, a current ratio of 0.53 and a quick ratio of 0.53. The stock’s 50-day moving average is GBX 259.86 and its two-hundred day moving average is GBX 205.91.

Capita (LON:CPI) last posted its quarterly earnings results on Tuesday, August 5th. The company reported GBX 21.63 EPS for the quarter. Capita had a negative net margin of 1.64% and a negative return on equity of 28.00%.

Insiders Place Their Bets

In other Capita news, insider Jack Clarke bought 5,165 shares of the firm’s stock in a transaction dated Monday, September 15th. The shares were bought at an average price of GBX 260 per share, for a total transaction of £13,429. 13.40% of the stock is owned by company 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.