Capita (LON:CPI) Given “Buy” Rating at Shore Capital

Capita (LON:CPI)‘s stock had its “buy” rating reiterated by stock analysts at Shore Capital in a research report issued on Wednesday, Digital Look reports.

Separately, Royal Bank of Canada cut their price objective on shares of Capita to GBX 1,800 ($23.06) and set a “sector perform” rating for the company in a research report on Tuesday.

Capita Price Performance

Shares of CPI stock traded down GBX 1.12 ($0.01) during trading hours on Wednesday, reaching GBX 13.34 ($0.17). The stock had a trading volume of 18,985,540 shares, compared to its average volume of 6,449,879. The stock’s fifty day simple moving average is GBX 18.90 and its 200 day simple moving average is GBX 18.63. The company has a current ratio of 0.49, a quick ratio of 0.53 and a debt-to-equity ratio of 631.77. Capita has a 12 month low of GBX 13.34 ($0.17) and a 12 month high of GBX 39.74 ($0.51). The firm has a market capitalization of £224.11 million, a PE ratio of -667.00, a PEG ratio of 0.18 and a beta of 1.89.

Insider Buying and Selling at Capita

In related news, insider Adolfo Hernandez bought 325,000 shares of the company’s stock in a transaction on Wednesday, March 6th. The stock was acquired at an average cost of GBX 16 ($0.20) per share, for a total transaction of £52,000 ($66,623.96). Insiders purchased a total of 326,645 shares of company stock worth $5,234,440 over the last three months. 4.19% 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 through Public Service, Experience, and Portfolio divisions. The company offers solutions for finance and accounting, procurement, property and infrastructure, travel and event, and workplace administration.