Berenberg Bank Begins Coverage on Capita (LON:CPI)

Analysts at Berenberg Bank assumed coverage on shares of Capita (LON:CPI) in a research note issued to investors on Wednesday, MarketBeat reports. The brokerage set a “hold” rating and a GBX 350 price target on the stock. Berenberg Bank’s price objective indicates a potential upside of 9.03% from the stock’s previous close.

A number of other analysts have also recently commented on CPI. Shore Capital reiterated a “hold” rating on shares of Capita in a research report on Tuesday, August 5th. Deutsche Bank Aktiengesellschaft lifted their price target on Capita from GBX 375 to GBX 405 and gave the stock a “buy” rating in a research report on Friday, July 4th. Finally, Canaccord Genuity Group began coverage on Capita in a report on Monday, September 29th. They issued a “buy” rating and a GBX 900 price objective for the company. Two investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of GBX 551.67.

Capita Stock Down 0.9%

Shares of LON:CPI opened at GBX 321 on Wednesday. The firm has a 50 day simple moving average of GBX 284.88 and a 200-day simple moving average of GBX 253.49. Capita has a twelve month low of GBX 168 and a twelve month high of GBX 368. The company has a current ratio of 0.53, a quick ratio of 0.53 and a debt-to-equity ratio of 291.56. The company has a market capitalization of £365.13 million, a PE ratio of 23.67, a P/E/G ratio of 0.18 and a beta of 1.95.

Capita (LON:CPI) last announced 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 news, insider Jack Clarke acquired 5,165 shares of the company’s stock in a transaction on Monday, September 15th. The shares were bought at an average cost of GBX 260 per share, with a total value of £13,429. 13.40% of the stock is currently owned by company 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.