Capita (LON:CPI) Shares Pass Above Two Hundred Day Moving Average – What’s Next?

Shares of Capita plc (LON:CPI) crossed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of GBX 333.12 and traded as high as GBX 338. Capita shares last traded at GBX 338, with a volume of 179,003 shares trading hands.

Wall Street Analysts Forecast Growth

A number of equities research analysts have commented on CPI shares. Peel Hunt restated a “buy” rating and set a GBX 321 price objective on shares of Capita in a research report on Friday, November 7th. Canaccord Genuity Group reissued a “buy” rating and issued a GBX 900 price target on shares of Capita in a research report on Monday, December 15th. Three research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. According to data from MarketBeat.com, Capita currently has a consensus rating of “Moderate Buy” and an average target price of GBX 494.

Capita Price Performance

The company’s 50-day simple moving average is GBX 380.96 and its 200 day simple moving average is GBX 333.12. The company has a market capitalization of £387.32 million, a P/E ratio of 25.11, a P/E/G ratio of 0.18 and a beta of 1.95. The company has a quick ratio of 0.53, a current ratio of 0.67 and a debt-to-equity ratio of 409.05.

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.