Capita (LON:CPI) Shares Up 7.4% – Here’s What Happened

Capita plc (LON:CPI)’s share price rose 7.4% during mid-day trading on Monday . The stock traded as high as GBX 343 and last traded at GBX 343. Approximately 952,255 shares traded hands during mid-day trading, a decline of 41% from the average daily volume of 1,623,940 shares. The stock had previously closed at GBX 319.26.

Wall Street Analysts Forecast Growth

CPI has been the subject of several research analyst reports. Royal Bank Of Canada reissued an “outperform” rating and issued a GBX 450 price objective on shares of Capita in a research note on Friday, March 27th. Shore Capital Group reissued a “buy” rating on shares of Capita in a research note on Thursday, April 23rd. Canaccord Genuity Group reaffirmed a “buy” rating and issued a GBX 900 target price on shares of Capita in a research report on Friday, March 27th. Berenberg Bank dropped their target price on Capita to GBX 330 and set a “hold” rating on the stock in a research report on Wednesday, March 11th. Finally, Deutsche Bank Aktiengesellschaft upped their target price on Capita from GBX 300 to GBX 320 and gave the stock a “hold” rating in a research report on Friday, March 27th. Four equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of GBX 464.20.

Capita Stock Performance

The company has a current ratio of 0.54, a quick ratio of 0.53 and a debt-to-equity ratio of 964.14. The firm has a 50-day simple moving average of GBX 283 and a two-hundred day simple moving average of GBX 335.55. The company has a market capitalization of £410.85 million, a price-to-earnings ratio of -2.38, a price-to-earnings-growth ratio of 0.18 and a beta of 0.82.

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

Insider Activity

In related news, insider Adolfo Hernandez acquired 34,540 shares of the stock in a transaction dated Friday, March 13th. The shares were acquired at an average price of GBX 279 per share, with a total value of £96,366.60. Also, insider Pablo Andres acquired 12,178 shares of the stock in a transaction dated Wednesday, March 11th. The shares were bought at an average cost of GBX 280 per share, for a total transaction of £34,098.40. Over the last ninety days, insiders acquired 58,718 shares of company stock worth $16,346,500. Insiders own 13.40% of the company’s stock.

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.