Capita (LON:CPI) Price Target Cut to GBX 750 by Analysts at Canaccord Genuity Group

Capita (LON:CPI) had its price objective trimmed by Canaccord Genuity Group from GBX 900 to GBX 750 in a research report released on Friday morning,Digital Look reports. The firm currently has a buy rating on the stock.

CPI has been the topic of several other research reports. Shore Capital Group restated a “buy” rating on shares of Capita in a research note on Thursday, April 23rd. Deutsche Bank Aktiengesellschaft raised their price objective on Capita from GBX 300 to GBX 320 and gave the company a “hold” rating in a research report on Friday, March 27th. Finally, Royal Bank Of Canada reiterated an “outperform” rating and set a GBX 450 price objective on shares of Capita in a research note on Friday, March 27th. Four research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of GBX 434.20.

Capita Price Performance

Shares of LON CPI opened at GBX 229 on Friday. Capita has a fifty-two week low of GBX 215 and a fifty-two week high of GBX 416. The company has a 50 day simple moving average of GBX 330.74 and a two-hundred day simple moving average of GBX 334.43. The company has a market capitalization of £274.30 million, a price-to-earnings ratio of -1.59, a P/E/G ratio of 0.18 and a beta of 0.91. 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 Activity

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