Capita (LON:CPI) Shares Cross Above 200-Day Moving Average – Here’s What Happened

Capita plc (LON:CPI)’s share price crossed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of GBX 16.89 ($0.22) and traded as high as GBX 20 ($0.26). Capita shares last traded at GBX 18.90 ($0.25), with a volume of 7,640,726 shares.

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on CPI shares. Royal Bank of Canada increased their target price on shares of Capita from GBX 1,800 ($23.34) to GBX 2,200 ($28.53) and gave the stock a “sector perform” rating in a report on Thursday, July 18th. Shore Capital restated a “buy” rating on shares of Capita in a report on Wednesday, August 7th.

Capita Stock Down 2.9 %

The company has a quick ratio of 0.53, a current ratio of 0.53 and a debt-to-equity ratio of 304.05. The company’s fifty day simple moving average is GBX 19.28 and its 200 day simple moving average is GBX 16.89. The firm has a market capitalization of £319.41 million, a PE ratio of -945.00, a price-to-earnings-growth ratio of 0.18 and a beta of 1.95.

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.