Capita’s (CPI) Buy Rating Reaffirmed at Shore Capital Group

Shore Capital Group reaffirmed their buy rating on shares of Capita (LON:CPI) in a research report released on Thursday, Marketbeat.com reports.

A number of other brokerages have also commented on CPI. Canaccord Genuity Group restated a “buy” rating and issued a GBX 900 price target on shares of Capita in a report on Wednesday, March 11th. Berenberg Bank decreased their price objective on Capita to GBX 330 and set a “hold” rating for the company in a report on Wednesday, March 11th. Four research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of GBX 489.

Capita Stock Performance

Shares of LON:CPI opened at GBX 276.50 on Thursday. The firm has a market cap of £314.52 million, a price-to-earnings ratio of 20.39, a PEG ratio of 0.18 and a beta of 0.66. Capita has a 12 month low of GBX 168 and a 12 month high of GBX 415.50. The company’s fifty day simple moving average is GBX 340.75 and its 200 day simple moving average is GBX 337.15. 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 earnings results on Tuesday, March 10th. The company reported GBX 49.71 earnings per share for the quarter. Capita had a negative net margin of 7.45% and a negative return on equity of 142.88%.

Insider Transactions at Capita

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