Capita plc (LON:CPI) Given Average Recommendation of "Moderate Buy" by Analysts

Key Points

• Analysts give Capita a “Moderate Buy” consensus: Four of six analysts recommend buying the stock, while two advise holding it. The average 12-month price target is GBX 434.20.
• Canaccord Genuity lowered its price target from GBX 900 to GBX 750 but maintained a “buy” rating, while Shore Capital reaffirmed its “buy” recommendation.
• Insiders have been buying shares: Company insiders purchased 27,410 shares worth approximately £10.9 million over the past 90 days, though Capita shares opened at GBX 267, below their 50-day and 200-day moving averages.

Capita plc (LON:CPI - Get Free Report) has received a consensus rating of "Moderate Buy" from the six ratings firms that are covering the firm, MarketBeat reports. Two investment analysts have rated the stock with a hold recommendation and four have issued a buy recommendation on the company. The average 1 year target price among brokers that have issued ratings on the stock in the last year is GBX 434.20.

A number of research firms have recently commented on CPI. Canaccord Genuity Group lowered their price target on Capita from GBX 900 to GBX 750 and set a "buy" rating for the company in a report on Friday, July 10th. Shore Capital Group reaffirmed a "buy" rating on shares of Capita in a research note on Thursday, April 23rd.

Insiders Place Their Bets

In related news, insider Georgina Harvey bought 2,880 shares of the company's stock in a transaction dated Monday, June 15th. The stock was purchased at an average price of GBX 343 per share, with a total value of £9,878.40. Also, insider Daniel Wosner purchased 20,000 shares of Capita stock in a transaction dated Thursday, May 28th. The stock was bought at an average price of GBX 404 per share, for a total transaction of £80,800. Insiders bought a total of 27,410 shares of company stock worth $10,897,189 in the last ninety days. Insiders own 5.34% of the company's stock.

Capita Stock Down 2.7%

Shares of CPI opened at GBX 267 on Thursday. The firm has a 50 day simple moving average of GBX 310.78 and a two-hundred day simple moving average of GBX 319.43. The company has a debt-to-equity ratio of 1,526.79, a current ratio of 0.54 and a quick ratio of 0.53. Capita has a one year low of GBX 215 and a one year high of GBX 416. The company has a market cap of £319.81 million, a P/E ratio of -1.85, a P/E/G ratio of 0.18 and a beta of 0.91.

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.

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