Capita (LON:CPI) Stock Price Passes Above Two Hundred Day Moving Average – Here’s Why

Shares of Capita plc (LON:CPI) crossed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of GBX 16.64 ($0.22) and traded as high as GBX 20.80 ($0.27). Capita shares last traded at GBX 20.15 ($0.26), with a volume of 2,922,778 shares traded.

Analyst Upgrades and Downgrades

Several analysts recently weighed in on the stock. Royal Bank of Canada raised their target price on shares of Capita from GBX 1,800 ($23.37) to GBX 2,200 ($28.56) and gave the company a “sector perform” rating in a report on Thursday, July 18th. Shore Capital reaffirmed a “buy” rating on shares of Capita in a research report on Wednesday, August 7th.

Capita Trading Up 0.7 %

The company has a current ratio of 0.53, a quick ratio of 0.53 and a debt-to-equity ratio of 304.05. The firm has a market cap of £340.54 million, a PE ratio of -1,007.50, a P/E/G ratio of 0.18 and a beta of 1.95. The business has a fifty day moving average price of GBX 19.14 and a 200 day moving average price of GBX 16.64.

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 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.