Capita (LON:CPI) Stock Passes Above 200 Day Moving Average - Here's What Happened

Key Points

• Capita plc's stock price has surpassed its 200-day moving average, trading at GBX 233.34 ($3.15) while the average is GBX 165.87 ($2.24).
• Deutsche Bank has upgraded Capita's price target from GBX 375 to GBX 405, maintaining a "buy" rating, contributing to an overall average rating of "Moderate Buy" from analysts.
• Despite recent positive movements, Capita's financial indicators show a negative net margin of 1.64% and a high debt-to-equity ratio of 291.56, raising concerns for potential investors.

Capita plc (LON:CPI - Get Free Report)'s share price passed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of GBX 165.87 ($2.24) and traded as high as GBX 240.50 ($3.25). Capita shares last traded at GBX 233.34 ($3.15), with a volume of 718,923 shares traded.

Analyst Ratings Changes

A number of equities research analysts recently issued reports on the company. Deutsche Bank Aktiengesellschaft increased their price objective on Capita from GBX 375 to GBX 405 and gave the stock a "buy" rating in a research report on Friday, July 4th. Shore Capital reiterated a "hold" rating on shares of Capita in a research report on Tuesday, August 5th. One investment analyst has rated the stock with a Buy rating and one has given a Hold rating to the stock. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average target price of GBX 405.

Capita Stock Down 0.2%

The stock has a 50-day simple moving average of GBX 293.32 and a two-hundred day simple moving average of GBX 169.58. 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 firm has a market cap of £273.15 million, a PE ratio of 363.02, a P/E/G ratio of 0.18 and a beta of 1.95.

Capita (LON:CPI - Get Free Report) last announced its quarterly earnings data on Tuesday, August 5th. The company reported GBX 21.63 earnings per share (EPS) for the quarter. Capita had a negative return on equity of 28.00% and a negative net margin of 1.64%.

Capita Company Profile

Capita plc provides consulting, digital, and software products and services to clients in the private and public sectors in the United Kingdom and internationally. It operates in two divisions: Public Service and Capita Experience divisions. The company offers solutions for finance and accounting, procurement, property and infrastructure, travel and event, and workplace administration.