Shore Capital Group Reiterates Buy Rating for Capita (LON:CPI)

Capita (LON:CPI)‘s stock had its “buy” rating reiterated by equities research analysts at Shore Capital Group in a report issued on Thursday, Marketbeat.com reports.

A number of other equities research analysts have also recently issued reports on the company. Royal Bank Of Canada reiterated an “outperform” rating and issued a GBX 450 target price on shares of Capita in a research note on Friday, March 27th. Deutsche Bank Aktiengesellschaft raised their target price on Capita from GBX 300 to GBX 320 and gave the company a “hold” rating in a research note on Friday, March 27th. Canaccord Genuity Group reiterated a “buy” rating and issued a GBX 900 target price on shares of Capita in a research note on Friday, March 27th. Finally, Berenberg Bank cut their target price on Capita to GBX 330 and set a “hold” rating on the stock in a research note on Wednesday, March 11th. Four equities research 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 company has a consensus rating of “Moderate Buy” and an average target price of GBX 464.20.

Capita Stock Performance

LON:CPI opened at GBX 284.28 on Thursday. The firm’s fifty day simple moving average is GBX 296.12 and its 200-day simple moving average is GBX 337.22. Capita has a fifty-two week low of GBX 180.02 and a fifty-two week high of GBX 415.50. The stock has a market cap of £323.37 million, a PE ratio of -1.97, a price-to-earnings-growth ratio of 0.18 and a beta of 0.80. The company has a quick ratio of 0.53, a current ratio of 0.54 and a debt-to-equity ratio of 964.14.

Capita (LON:CPI) last announced its quarterly earnings data on Tuesday, March 10th. The company reported GBX 49.71 earnings per share (EPS) for the quarter. Capita had a negative return on equity of 142.88% and a negative net margin of 7.45%.

Insider Transactions at Capita

In other news, insider Pablo Andres bought 12,178 shares of the stock in a transaction that occurred on Wednesday, March 11th. The shares were purchased at an average cost of GBX 280 per share, with a total value of £34,098.40. Also, insider Adolfo Hernandez bought 34,540 shares of the stock in a transaction that occurred on Friday, March 13th. The shares were purchased at an average cost of GBX 279 per share, for a total transaction of £96,366.60. Over the last ninety days, insiders have purchased 58,718 shares of company stock worth $16,346,500. 13.40% of the stock is owned by corporate 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. We play an integral role in society – our work matters to the lives of the millions of people who rely on us every day.