Capita (LON:CPI) Share Price Passes Below 200 Day Moving Average - Here's What Happened

Key Points

• Shares of Capita fell below their 200-day moving average (GBX 338.36), trading as low as GBX 231 and last at GBX 238.50 on volume of 484,570 shares.
• Analysts are mixed but leaning positive with a consensus rating of “Moderate Buy” (three Buys, two Holds) and a consensus target of GBX 489, while individual targets range from GBX 330 (Berenberg) to GBX 900 (Canaccord).
• Despite weak fundamentals — debt-to-equity 964.14, quick ratio 0.53, negative ROE (-142.88%) and net margin (-7.45%) — insiders bought 58,718 shares recently and now own 13.40% of the company.

Shares of Capita plc (LON:CPI - Get Free Report) passed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of GBX 338.36 and traded as low as GBX 231. Capita shares last traded at GBX 238.50, with a volume of 484,570 shares changing hands.

Wall Street Analyst Weigh In

Several research firms have issued reports on CPI. Berenberg Bank dropped their price objective on Capita to GBX 330 and set a "hold" rating for the company in a research note on Wednesday, March 11th. Canaccord Genuity Group restated a "buy" rating and issued a GBX 900 target price on shares of Capita in a research note on Wednesday, March 11th. Three research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company's stock. According to data from MarketBeat.com, Capita has an average rating of "Moderate Buy" and a consensus target price of GBX 489.

Capita Trading Up 0.4%

The company's fifty day moving average price is GBX 349.51 and its two-hundred day moving average price is GBX 338.36. The company has a quick ratio of 0.53, a current ratio of 0.54 and a debt-to-equity ratio of 964.14. The company has a market cap of £271.29 million, a price-to-earnings ratio of 17.59, a price-to-earnings-growth ratio of 0.18 and a beta of 0.66.

Capita (LON:CPI - Get Free Report) last announced its earnings results on Tuesday, March 10th. The company reported GBX 49.71 EPS 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 Adolfo Hernandez purchased 34,540 shares of the business's stock in a transaction that occurred on Friday, March 13th. The stock was acquired at an average cost of GBX 279 per share, with a total value of £96,366.60. Also, insider Pablo Andres purchased 12,178 shares of the business's stock in a transaction that occurred on Wednesday, March 11th. The stock was acquired at an average cost of GBX 280 per share, with a total value of £34,098.40. In the last three months, insiders acquired 58,718 shares of company stock worth $16,346,500. Insiders own 13.40% of the company's stock.

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.

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