Capita (LON:CPI) Stock Price Crosses Above 200 Day Moving Average – Time to Sell?

Capita plc (LON:CPI) crossed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of GBX 287.82 and traded as high as GBX 358.50. Capita shares last traded at GBX 356.50, with a volume of 337,807 shares changing hands.

Analysts Set New Price Targets

A number of research analysts recently weighed in on the company. Peel Hunt reissued a “buy” rating and issued a GBX 321 price objective on shares of Capita in a research note on Friday, November 7th. Shore Capital reiterated a “hold” rating on shares of Capita in a report on Tuesday, August 5th. Berenberg Bank started coverage on shares of Capita in a research note on Wednesday, October 29th. They issued a “hold” rating and a GBX 350 price objective for the company. Finally, Canaccord Genuity Group began coverage on shares of Capita in a report on Monday, September 29th. They set a “buy” rating and a GBX 900 price objective for the company. Three investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of GBX 494.

Capita Stock Up 3.5%

The company has a quick ratio of 0.53, a current ratio of 0.53 and a debt-to-equity ratio of 291.56. The business has a fifty day simple moving average of GBX 318.57 and a two-hundred day simple moving average of GBX 287.82. The company has a market capitalization of £405.52 million, a price-to-earnings ratio of 26.29, a P/E/G ratio of 0.18 and a beta of 1.95.

Insider Buying and Selling

In related news, insider Jack Clarke purchased 5,165 shares of the firm’s stock in a transaction that occurred on Monday, September 15th. The shares were acquired at an average price of GBX 260 per share, with a total value of £13,429. 13.40% 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.