The stock of Capita PLC (LON:CPI) gapped down by GBX 13.5 today and has GBX 493.31 target or 5.00% below today’s GBX 519.27 share price. The 9 months technical chart setup indicates high risk for the GBX 3.46 billion company. The gap down was reported on Nov, 30 by Barchart.com. If the GBX 493.31 price target is reached, the company will be worth GBX 173.00M less.
Gaps down are helpful for identifying a resistance level and to could also be used as a tradeable event. If traders are short the stock and it experiece gap down, then its usually advisable to hold the short for a bigger down move. Back-tests of such patterns show that two-thirds of the these patterns the stock performance worsens after the gap. The area gaps close 91% of the time, the breakaway gaps 1%, the continuation gaps 9% and the exhaustion gaps 64%. The stock decreased 6.86% or GBX 38.23 on November 30, hitting GBX 519.27. About 10.26 million shares traded hands or 221.63% up from the average. Capita PLC (LON:CPI) has declined 47.15% since May 3, 2016 and is downtrending. It has underperformed by 52.38% the S&P500.
Capita PLC (LON:CPI) Ratings Coverage
Out of 19 analysts covering Capita Group The PLC (LON:CPI), 5 rate it a “Buy”, 3 “Sell”, while 11 “Hold”. This means 26% are positive. Capita Group The PLC has been the topic of 139 analyst reports since July 24, 2015 according to StockzIntelligence Inc. Nomura maintained the shares of CPI in a report on Monday, February 22 with “Buy” rating. The firm has “Neutral” rating by BNP Paribas given on Monday, February 1. The stock of Capita PLC (LON:CPI) earned “Underperform” rating by RBC Capital Markets on Friday, December 18. The rating was maintained by BNP Paribas on Monday, August 1 with “Neutral”. The rating was maintained by Peel Hunt on Friday, December 11 with “Hold”. Numis Securities maintained Capita PLC (LON:CPI) on Tuesday, October 6 with “Hold” rating. The firm has “Underperform” rating by RBC Capital Markets given on Wednesday, December 9. The stock has “Hold” rating given by Shore Capital on Friday, December 11. The firm earned “Hold” rating on Thursday, July 30 by Deutsche Bank. On Wednesday, September 23 the stock rating was maintained by BNP Paribas with “Neutral”.
More news for Capita PLC (LON:CPI) were recently published by: Seekingalpha.com, which released: “Capita PLC Has Bigger Problems Than Brexit – Proceed With Care” on October 14, 2016. Valuewalk.com‘s article titled: “Lansdowne Details Short Thesis For Capita Plc” and published on May 24, 2016 is yet another important article.
Capita PLC is a United Kingdom-based company, which creates and delivers services in business process management. The company has a market cap of 3.46 billion GBP. The Company’s divisions include Digital & Software Solutions, Integrated Services, Local Government, Property & Health, Workplace Services, IT Enterprise Services, Asset Services, Customer Management, Capita Europe and Insurance & Benefits Services. It has a 41.13 P/E ratio. The Firm operates in private sectors, such as banking and financial services, insurance, life and pensions, retail, telecoms and media, transport and utilities, and public sector, such as central government, defense, education, emergency services, health, local government, and police and justice.
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