Capita plc (LON:CPI – Get Free Report)’s stock price passed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of GBX 337.51 and traded as high as GBX 382.50. Capita shares last traded at GBX 379.98, with a volume of 308,936 shares traded.
Analyst Ratings Changes
A number of research analysts recently weighed in on CPI shares. Royal Bank Of Canada reaffirmed an “outperform” rating and set a GBX 450 price objective on shares of Capita in a research report on Friday, March 27th. Shore Capital Group reaffirmed a “buy” rating on shares of Capita in a research report on Thursday, April 23rd. Berenberg Bank reduced their price objective on Capita to GBX 330 and set a “hold” rating for the company in a research report on Wednesday, March 11th. 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, Canaccord Genuity Group reaffirmed a “buy” rating and set a GBX 900 price objective on shares of Capita in a research report on Friday, March 27th. Four research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of GBX 464.20.
Capita Trading Up 0.7%
Capita (LON:CPI – Get Free Report) last posted 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 news, insider Adolfo Hernandez purchased 34,540 shares of the company’s stock in a transaction dated Friday, March 13th. The shares were purchased at an average cost of GBX 279 per share, for a total transaction of £96,366.60. Also, insider Pablo Andres purchased 12,178 shares of the company’s stock in a transaction dated Wednesday, March 11th. The stock was purchased at an average price of GBX 280 per share, for a total transaction of £34,098.40. Over the last 90 days, insiders bought 58,718 shares of company stock worth $16,346,500. Company 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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