Shore Capital Reaffirms Buy Rating for Capita (LON:CPI)

Shore Capital reissued their buy rating on shares of Capita (LON:CPI) in a research note issued to investors on Wednesday, MarketBeat Ratings reports.

CPI has been the topic of a number of other research reports. Royal Bank of Canada raised their target price on shares of Capita from GBX 1,800 ($23.00) to GBX 2,200 ($28.12) and gave the company a sector perform rating in a research note on Thursday, July 18th. Deutsche Bank Aktiengesellschaft restated a buy rating and set a GBX 35 ($0.45) price objective on shares of Capita in a research note on Tuesday, May 7th.

Capita Trading Up 2.4 %

LON:CPI traded up GBX 0.42 ($0.01) on Wednesday, hitting GBX 18.24 ($0.23). 10,773,646 shares of the stock were exchanged, compared to its average volume of 8,432,083. The stock has a market cap of £308.26 million, a PE ratio of -177.22, a PEG ratio of 0.18 and a beta of 1.81. Capita has a fifty-two week low of GBX 12.48 ($0.16) and a fifty-two week high of GBX 23.20 ($0.30). The company has a current ratio of 0.49, a quick ratio of 0.53 and a debt-to-equity ratio of 628.81. The stock has a fifty day moving average of GBX 16.48 and a 200-day moving average of GBX 15.84.

Capita Company Profile

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.