Capita (LON:CPI) Stock Crosses Above 200-Day Moving Average of $15.82

Capita plc (LON:CPI)’s share price passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of GBX 15.82 ($0.21) and traded as high as GBX 20.15 ($0.27). Capita shares last traded at GBX 19.94 ($0.27), with a volume of 5,160,596 shares.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on CPI. Royal Bank of Canada raised their target price on Capita from GBX 1,800 ($24.10) to GBX 2,200 ($29.46) and gave the stock a “sector perform” rating in a research report on Thursday, July 18th. Shore Capital restated a “buy” rating on shares of Capita in a research report on Wednesday, August 7th.

Capita Stock Performance

The company has a debt-to-equity ratio of 304.05, a quick ratio of 0.53 and a current ratio of 0.53. The stock’s 50 day moving average price is GBX 18.55 and its 200 day moving average price is GBX 15.85. The company has a market capitalization of £336.99 million, a P/E ratio of -997.00, a price-to-earnings-growth ratio of 0.18 and a beta of 1.94.

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.