Capita (LON:CPI) Stock Price Crosses Below 200-Day Moving Average – Here’s Why

Capita plc (LON:CPI) crossed below its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of GBX 342.86 and traded as low as GBX 296. Capita shares last traded at GBX 302, with a volume of 347,439 shares changing hands.

Wall Street Analyst Weigh In

Several research firms have weighed in on CPI. 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. Royal Bank Of Canada restated an “outperform” rating and issued a GBX 450 price objective on shares of Capita in a research report on Friday, March 27th. Berenberg Bank dropped their price objective on Capita to GBX 330 and set a “hold” rating on the stock in a research note on Wednesday, March 11th. Canaccord Genuity Group reiterated a “buy” rating and set a GBX 900 target price on shares of Capita in a report on Friday, March 27th. Finally, Shore Capital Group reissued a “buy” rating on shares of Capita in a research note on Thursday, April 23rd. 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, Capita currently has a consensus rating of “Moderate Buy” and a consensus target price of GBX 464.20.

Capita Stock Performance

The stock has a 50-day moving average of GBX 329.89 and a 200-day moving average of GBX 342.86. The firm has a market cap of £361.74 million, a price-to-earnings ratio of -2.10, a price-to-earnings-growth ratio of 0.18 and a beta of 0.84. 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.

Insider Buying and Selling at Capita

In other Capita news, insider Daniel Wosner purchased 20,000 shares of the stock in a transaction on Thursday, May 28th. The shares were purchased at an average cost of GBX 404 per share, for a total transaction of £80,800. Also, insider Pablo Andres purchased 1,767 shares of the stock in a transaction on Friday, May 29th. The stock was acquired at an average price of GBX 402 per share, for a total transaction of £7,103.34. Insiders purchased 27,410 shares of company stock valued at $10,897,189 over the last quarter. Insiders own 5.34% 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.