Capita (LON:CPI) Share Price Crosses Above Two Hundred Day Moving Average – Here’s What Happened

Capita plc (LON:CPI)’s share price passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of GBX 287.82 and traded as high as GBX 358.50. Capita shares last traded at GBX 356.50, with a volume of 337,807 shares trading hands.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on CPI shares. Berenberg Bank assumed coverage on Capita in a research note on Wednesday, October 29th. They set a “hold” rating and a GBX 350 price target for the company. Shore Capital restated a “hold” rating on shares of Capita in a report on Tuesday, August 5th. Peel Hunt reaffirmed a “buy” rating and set a GBX 321 target price on shares of Capita in a research note on Friday, November 7th. Finally, Canaccord Genuity Group began coverage on Capita in a report on Monday, September 29th. They set a “buy” rating and a GBX 900 target price on the stock. Three equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat, Capita presently has an average rating of “Moderate Buy” and a consensus price target of GBX 494.

Capita Stock Up 3.5%

The stock has a market cap of £405.52 million, a price-to-earnings ratio of 26.29, a P/E/G ratio of 0.18 and a beta of 1.95. The business has a fifty day moving average of GBX 318.57 and a 200 day moving average of GBX 287.82. The company has a debt-to-equity ratio of 291.56, a current ratio of 0.53 and a quick ratio of 0.53.

Insider Buying and Selling at Capita

In other Capita news, insider Jack Clarke purchased 5,165 shares of the business’s stock in a transaction dated Monday, September 15th. The shares were acquired at an average price of GBX 260 per share, for a total transaction of £13,429. Corporate insiders own 13.40% of the company’s stock.

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.