Capita (LON:CPI) Share Price Crosses Above 200-Day Moving Average – Here’s Why

Capita plc (LON:CPI)’s stock price 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.

Analysts Set New Price Targets

A number of analysts have recently issued reports on CPI shares. Royal Bank of Canada lifted their price target on Capita from GBX 1,800 ($23.37) to GBX 2,200 ($28.56) and gave the stock a “sector perform” rating in a research note on Thursday, July 18th. Shore Capital reaffirmed a “buy” rating on shares of Capita in a research note on Wednesday, August 7th.

Capita Price Performance

The firm has a market capitalization of £340.54 million, a PE ratio of -1,007.50, a price-to-earnings-growth ratio of 0.18 and a beta of 1.95. The stock’s 50 day simple moving average is GBX 19.14 and its two-hundred day simple moving average is GBX 16.64. The company has a debt-to-equity ratio of 304.05, a quick ratio of 0.53 and a current ratio of 0.53.

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.