Capita (CPI) & Mitie (MTO): 2 FTSE services stocks to buy in September

2 min read | September 17, 2021 10:39 AM BST | By Nidhi Gupta

Capita (CPI) & Mitie (MTO): 2 FTSE services stocks to buy in September — Image source: hxdbzxy, shutterstock.com

Capita Plc (LON:CPI)

Capita is a global provider of business process outsourcing (BPO) and professional services. The shares of Capita are currently trading at GBX 48.92, down by 0.47% at 8:03 AM on Friday 17 September 2021.

Capita recorded an adjusted revenue of £1,584.7 million in H1 2021 compared to £1,582.1 million in H1 2020. Its adjusted pre-tax profit rose by £56.4 million to £45.3 million in H1 2021 compared to a loss of £11.1 million in H1 2020, driven by efficient delivery operations from the cost transformation programme. The company’s won total contract value registered a year-on-year growth of 70% to £2,576 million in H1 2021.

In the last one year, the shares of Capita returned 65.83% to shareholders, and the present market cap stands at £827.82 million.

Mitie Group Plc (LON: MTO)

Mitie Group is a provider of outsourcing and energy services. It offers facilities and property management, infrastructure consultancy, healthcare and energy services. In August 2021, Mitie inked an agreement with Swiss Post Solutions Limited for the sale of its Document Management business for £40 million. It also acquired DAEL Ventures Limited, a company engaged in offering acquisition, design and construction (ADC) services, for £15 million.

The shares of Mitie Group are currently trading at GBX 70.20, down by 1.13% at 8:04 AM on Friday 17 September 2021.

For the Q1 ended 30 June 2021, Mitie’s revenues were £930 million, up by 104% year-on-year compared to £455 million for Q1 ended 30 June 2020.

In the last one year, the shares of Capita returned 108.90% to shareholders, and the present market cap stands at £1,013.82 million.

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