Capita (LON:CPI) Stock Price Up 9.8% – Still a Buy?

Capita plc (LON:CPI) shares shot up 9.8% during trading on Wednesday . The stock traded as high as GBX 301.50 and last traded at GBX 301.50. 769,474 shares changed hands during trading, a decline of 51% from the average daily volume of 1,554,545 shares. The stock had previously closed at GBX 274.50.

Analyst Ratings Changes

A number of research firms have recently commented on CPI. Berenberg Bank lowered their price target on Capita to GBX 330 and set a “hold” rating for the company in a report on Wednesday, March 11th. Shore Capital Group reaffirmed a “buy” rating on shares of Capita in a research note on Thursday, April 23rd. Canaccord Genuity Group reiterated a “buy” rating and issued a GBX 900 target price on shares of Capita in a research report on Friday, March 27th. Royal Bank Of Canada reissued an “outperform” rating and set a GBX 450 target price on shares of Capita in a research note on Friday, March 27th. Finally, Deutsche Bank Aktiengesellschaft increased their target price on shares of Capita from GBX 300 to GBX 320 and gave the stock a “hold” rating in a report on Friday, March 27th. Four research analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of GBX 464.20.

Capita Price Performance

The business has a 50-day moving average of GBX 331.25 and a two-hundred day moving average of GBX 340.45. The company has a current ratio of 0.54, a quick ratio of 0.53 and a debt-to-equity ratio of 1,526.79. The firm has a market cap of £361.14 million, a P/E ratio of -2.09, a price-to-earnings-growth ratio of 0.18 and a beta of 0.84.

Insider Transactions at Capita

In other Capita news, insider Adolfo Hernandez acquired 2,763 shares of the company’s stock in a transaction that occurred on Friday, May 29th. The stock was acquired at an average price of GBX 405 per share, for a total transaction of £11,190.15. Also, insider Daniel Wosner bought 20,000 shares of Capita stock in a transaction on Thursday, May 28th. The shares were acquired at an average cost of GBX 404 per share, for a total transaction of £80,800. In the last three months, insiders have purchased 27,410 shares of company stock valued at $10,897,189. 5.34% of the stock is currently owned by company insiders.

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.