Capita (LON:CPI) Shares Up 9% – What’s Next?

Capita plc (LON:CPI)’s stock price rose 9% on Friday. The stock traded as high as GBX 237.58 and last traded at GBX 235. Approximately 1,943,474 shares changed hands during trading, an increase of 42% from the average daily volume of 1,373,440 shares. The stock had previously closed at GBX 215.50.

Analyst Upgrades and Downgrades

Several equities analysts have recently commented on CPI shares. Canaccord Genuity Group restated a “buy” rating and issued a GBX 750 price objective on shares of Capita in a research report on Wednesday, August 5th. Peel Hunt reissued a “buy” rating and set a GBX 311 target price on shares of Capita in a research note on Friday, October 2nd. Deutsche Bank Aktiengesellschaft reissued a “hold” rating and issued a GBX 260 price target on shares of Capita in a report on Wednesday, August 5th. Finally, Berenberg Bank cut their price objective on shares of Capita from GBX 330 to GBX 270 and set a “hold” rating for the company in a report on Wednesday, August 5th. Four equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of GBX 408.20.

Capita Price Performance

The company has a debt-to-equity ratio of 6,255.83, a quick ratio of 0.53 and a current ratio of 0.53. The firm has a fifty day simple moving average of GBX 251.18 and a two-hundred day simple moving average of GBX 282.69. The firm has a market cap of £281.33 million, a PE ratio of -1.35, a PEG ratio of 0.18 and a beta of 0.88.

Capita (LON:CPI) last posted its quarterly earnings data on Tuesday, August 4th. The company reported GBX 13.38 earnings per share (EPS) for the quarter. Capita had a negative return on equity of 677.10% and a negative net margin of 10.32%.

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.