Capita (LON:CPI) Stock Price Down 14.7% – Here’s What Happened

Capita plc (LON:CPI)’s share price fell 14.7% on Tuesday . The stock traded as low as GBX 280 and last traded at GBX 300. 851,182 shares traded hands during mid-day trading, a decline of 4% from the average session volume of 886,863 shares. The stock had previously closed at GBX 351.50.

Wall Street Analysts Forecast Growth

Separately, Canaccord Genuity Group restated a “buy” rating and set a GBX 900 price target on shares of Capita in a research note on Monday, December 15th. Three research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of GBX 494.

Capita Stock Down 13.3%

The company has a market capitalization of £346.82 million, a PE ratio of 22.49, a P/E/G ratio of 0.18 and a beta of 1.95. The company has a current ratio of 0.67, a quick ratio of 0.53 and a debt-to-equity ratio of 409.05. The firm has a 50 day simple moving average of GBX 377.83 and a two-hundred day simple moving average of GBX 336.67.

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.