Barclays Lowers Capita (LON:CPI) Price Target to GBX 50

Capita (LON:CPIGet Rating) had its price objective reduced by Barclays from GBX 65 ($0.80) to GBX 50 ($0.61) in a research report report published on Thursday, reports. They currently have an overweight rating on the stock.

A number of other equities research analysts also recently issued reports on CPI. Royal Bank of Canada cut their price objective on shares of Capita from GBX 50 ($0.61) to GBX 42 ($0.52) and set an outperform rating for the company in a research report on Thursday, April 7th. Shore Capital reissued a hold rating on shares of Capita in a research report on Wednesday, June 29th.

Shares of CPI stock opened at GBX 25.60 ($0.31) on Thursday. Capita has a 1 year low of GBX 19.89 ($0.24) and a 1 year high of GBX 55.98 ($0.69). The firm has a fifty day moving average price of GBX 24.18 and a 200-day moving average price of GBX 26.95. The company has a debt-to-equity ratio of 419.12, a current ratio of 0.51 and a quick ratio of 0.39. The company has a market cap of £431.17 million and a price-to-earnings ratio of 1.92.

In related news, insider Jonathan (Jon) Lewis sold 572,264 shares of Capita stock in a transaction on Tuesday, April 26th. The shares were sold at an average price of GBX 21 ($0.26), for a total transaction of £120,175.44 ($147,436.44).

About Capita (Get Rating)

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 through Public Service, Experience, and Portfolio divisions. The company offers solutions for finance and accounting, procurement, property and infrastructure, travel and event, and workplace administration.

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