Computacenter (LON:CCC) Shares Down 0.9%

Computacenter plc (LON:CCC) fell 0.9% during trading on Monday . The company traded as low as GBX 1,268 ($16.57) and last traded at GBX 1,271 ($16.61). 105,615 shares traded hands during mid-day trading, a decline of 60% from the average session volume of 266,969 shares. The stock had previously closed at GBX 1,283 ($16.76).

A number of equities research analysts have recently issued reports on the stock. Berenberg Bank reissued a “buy” rating and set a GBX 1,400 ($18.29) price objective on shares of Computacenter in a research report on Tuesday, April 30th. Barclays boosted their price objective on shares of Computacenter from GBX 940 ($12.28) to GBX 1,025 ($13.39) and gave the company an “underweight” rating in a research report on Friday, April 12th. UBS Group raised shares of Computacenter to a “buy” rating and boosted their price objective for the company from GBX 1,080 ($14.11) to GBX 1,450 ($18.95) in a research report on Monday, April 29th. Finally, Credit Suisse Group cut their price objective on shares of Computacenter from GBX 1,427 ($18.65) to GBX 1,300 ($16.99) and set an “outperform” rating for the company in a research report on Wednesday, March 13th.

The firm’s 50-day simple moving average is GBX 1,243.72. The company has a debt-to-equity ratio of 31.97, a quick ratio of 1.10 and a current ratio of 1.23. The firm has a market capitalization of $1.43 billion and a PE ratio of 18.13.

In other news, insider Raymond Gray sold 1,529 shares of the business’s stock in a transaction on Monday, April 15th. The shares were sold at an average price of GBX 1,060 ($13.85), for a total transaction of £16,207.40 ($21,177.84). Also, insider Tony Conophy sold 44,193 shares of the business’s stock in a transaction on Thursday, March 21st. The shares were sold at an average price of GBX 1,189 ($15.54), for a total transaction of £525,454.77 ($686,599.73).

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About Computacenter (LON:CCC)

Computacenter plc provides information technology (IT) infrastructure services in the United Kingdom, Germany, France, and internationally. The company offers endpoint, infrastructure, cyber security, information security management, and identity and access management solutions; network solutions, including local area and datacenter network, smart infrastructure, and audio-visual solutions; and datacenter solutions, such as enterprise computing, hybrid cloud, data and storage management, and analytics and big data.

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