Peel Hunt Reiterates Buy Rating for Capita (LON:CPI)

Capita (LON:CPI)‘s stock had its “buy” rating reaffirmed by equities research analysts at Peel Hunt in a report released on Tuesday,London Stock Exchange reports. They presently have a GBX 311 target price on the stock. Peel Hunt’s price objective suggests a potential upside of 23.93% from the stock’s previous close.

A number of other brokerages also recently weighed in on CPI. Shore Capital Group restated a “buy” rating on shares of Capita in a report on Thursday, April 23rd. Canaccord Genuity Group cut their price target on shares of Capita from GBX 900 to GBX 750 and set a “buy” rating for the company in a research note on Friday, July 10th. Four research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of GBX 432.20.

Capita Price Performance

LON:CPI opened at GBX 250.95 on Tuesday. Capita has a 52-week low of GBX 215 and a 52-week high of GBX 416. The company has a market cap of £300.59 million, a P/E ratio of -1.74, a P/E/G ratio of 0.18 and a beta of 0.87. The company has a debt-to-equity ratio of 1,526.79, a quick ratio of 0.53 and a current ratio of 0.54. The stock’s 50-day simple moving average is GBX 304.19 and its 200 day simple moving average is GBX 316.62.

Capita (LON:CPI) last posted its quarterly earnings results on Tuesday, August 4th. The company reported GBX 13.38 earnings per share for the quarter. Capita had a negative return on equity of 142.88% and a negative net margin of 7.45%.

Insiders Place Their Bets

In other Capita news, insider Pablo Andres bought 1,767 shares of Capita stock in a transaction dated Friday, May 29th. The stock was bought at an average cost of GBX 402 per share, for a total transaction of £7,103.34. Also, insider Adolfo Hernandez bought 2,763 shares of the firm’s stock in a transaction that occurred on Friday, May 29th. The shares were acquired at an average cost of GBX 405 per share, for a total transaction of £11,190.15. Insiders have bought 27,410 shares of company stock worth $10,897,189 over the last ninety days. 5.34% of the stock is currently owned by corporate 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.