Capita (LON:CPI) Stock Price Down 13.5% – Time to Sell?

Capita plc (LON:CPI)’s share price fell 13.5% during trading on Tuesday . The company traded as low as GBX 271.50 and last traded at GBX 281. 3,886,554 shares changed hands during mid-day trading, an increase of 152% from the average session volume of 1,544,179 shares. The stock had previously closed at GBX 325.

Analyst Ratings Changes

Several research firms recently weighed in on CPI. Shore Capital Group restated a “buy” rating on shares of Capita in a report on Thursday, April 23rd. Deutsche Bank Aktiengesellschaft boosted their price objective on shares of Capita from GBX 300 to GBX 320 and gave the company a “hold” rating in a research report on Friday, March 27th. Berenberg Bank lowered their target price on shares of Capita to GBX 330 and set a “hold” rating for the company in a report on Wednesday, March 11th. Royal Bank Of Canada reaffirmed an “outperform” rating and set a GBX 450 price target on shares of Capita in a research note on Friday, March 27th. Finally, Canaccord Genuity Group reiterated a “buy” rating and set a GBX 900 price target on shares of Capita in a report on Friday, March 27th. Four research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of GBX 464.20.

Capita Stock Down 20.6%

The business’s fifty day moving average is GBX 332.93 and its two-hundred day moving average is GBX 336.46. The company has a market cap of £264.71 million, a P/E ratio of -1.53, a price-to-earnings-growth ratio of 0.18 and a beta of 0.91. The company has a debt-to-equity ratio of 1,526.79, a quick ratio of 0.53 and a current ratio of 0.54.

Insider Activity at Capita

In other news, insider Adolfo Hernandez bought 2,763 shares of the firm’s stock in a transaction on Friday, May 29th. The stock was acquired at an average cost of GBX 405 per share, with a total value of £11,190.15. Also, insider Pablo Andres bought 1,767 shares of the stock in a transaction on Friday, May 29th. The stock was purchased at an average price of GBX 402 per share, with a total value of £7,103.34. Over the last ninety days, insiders bought 27,410 shares of company stock worth $10,897,189. Insiders own 5.34% 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.