According to a research note published on Wednesday, Peel Hunt is said to have confirmed that it will maintain its “buy” rating on shares of Capita (LON: CPI).
This information came from Bloomberg.com, which was the source.
In the not-too-distant future, they forecast that the stock price will rise to GBX 48, equivalent to $0.58.
According to the price objective provided by Peel Hunt, the company has the potential to enjoy an increase of 67.33 percent in comparison to its most recent closing price.
Several research analysts have recently published reports on the newly traded stock that was just made public.
In a research report published on December 8th, Shore Capital advised shareholders of Capita to “hold” onto their shares. On December 14th, Barclays reaffirmed its “overweight” rating on Capita shares and set a price objective of GBX 40 ($0.48) for the stock’s future performance.
In addition, Barclays set a price objective for the stock’s future performance.
Three financial analysts have given the stock a buy rating, while two of these same professionals have recommended that investors maintain their current holdings in the security.
According to the data from Bloomberg, the stock is currently rated as having a consensus price objective of GBX 39.50 ($0.48) and is designated as having a “Moderate Buy” rating.
The stock is currently rated with a “Moderate Buy” as the average recommendation.
On Wednesday, the price of a share of Capita was GBX 28.69, which is equivalent to $0.35 in American currency.
The company’s price has reached GBX 27.01 on the simple moving average of the past 50 days and GBX 26.18 on the simple moving average of the past 200 days.
The current price-to-earnings ratio for the company is 0.18, the market capitalization for the company is £481.92 million, the P/E ratio for the company is 211.08, and the beta value for the company is 1.86. Within the past 52 weeks, Capita’s share price has ranged between a historic low of 19.89 (US $0.24) and a historical high of 30.26 (US $0.36).
The current ratio is 0.54, the quick ratio is 0.53, and the debt-to-equity ratio is 267.81.
The quick ratio stands at 0.53, and the current ratio stands at 0.54.
The consultancy, digital, and software goods and services offered by Capita plc are provided to clients from the public and private sectors in the United Kingdom and other countries.
The structure is divided into three distinct sections: the section on public service, the section on experience, and the section on the portfolio.
The company offers diverse services, including the management of workplaces, the planning of travel and events, purchasing, the administration of the real estate and infrastructure, and services related to finance and accounting.
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