Capita's (CPI) "Buy" Rating Reiterated at Deutsche Bank Aktiengesellschaft

Capita (LON:CPI - Get Free Report)'s stock had its "buy" rating reissued by investment analysts at Deutsche Bank Aktiengesellschaft in a research report issued on Tuesday, MarketBeat reports. They currently have a GBX 35 ($0.44) price target on the stock. Deutsche Bank Aktiengesellschaft's target price would suggest a potential upside of 146.83% from the stock's current price.

A number of other brokerages also recently issued reports on CPI. Royal Bank of Canada reduced their price objective on shares of Capita to GBX 1,800 ($22.61) and set a "sector perform" rating on the stock in a research report on Tuesday, March 12th. Shore Capital reiterated a "buy" rating on shares of Capita in a research report on Wednesday, March 13th.

Capita Trading Up 4.7 %

CPI traded up GBX 0.64 ($0.01) during trading on Tuesday, hitting GBX 14.18 ($0.18). 8,551,983 shares of the stock traded hands, compared to its average volume of 6,478,835. The firm has a market capitalization of £239.64 million, a P/E ratio of -141.80, a price-to-earnings-growth ratio of 0.18 and a beta of 1.83. Capita has a 12-month low of GBX 12.48 ($0.16) and a 12-month high of GBX 36.86 ($0.46). The company has a debt-to-equity ratio of 628.81, a current ratio of 0.49 and a quick ratio of 0.53. The firm has a 50-day moving average of GBX 14.27 and a 200 day moving average of GBX 17.60.

Insiders Place Their Bets

In related news, insider Nneka Abulokwe bought 74,324 shares of the firm's stock in a transaction on Wednesday, March 20th. The stock was acquired at an average cost of GBX 13 ($0.16) per share, for a total transaction of £9,662.12 ($12,138.34). In related news, insider David S. Lowden acquired 250,000 shares of the firm's stock in a transaction dated Friday, March 15th. The shares were purchased at an average price of GBX 14 ($0.18) per share, with a total value of £35,000 ($43,969.85). Also, insider Nneka Abulokwe purchased 74,324 shares of the stock in a transaction on Wednesday, March 20th. The shares were purchased at an average cost of GBX 13 ($0.16) per share, for a total transaction of £9,662.12 ($12,138.34). In the last 90 days, insiders acquired 650,660 shares of company stock valued at $9,683,580. 4.67% of the stock is owned by insiders.

About Capita

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.