Computacenter (LON:CCC) Upgraded at Barclays

Barclays upgraded shares of Computacenter (LON:CCC) to an equal weight rating in a research note published on Monday morning, ThisIsMoney.Co.Uk reports. They currently have GBX 1,260 ($16.46) price objective on the stock, up from their prior price objective of GBX 1,025 ($13.39).

Several other brokerages also recently issued reports on CCC. Credit Suisse Group set a €201.00 ($233.72) price target on shares of Volkswagen and gave the company a buy rating in a report on Wednesday, March 13th. Berenberg Bank boosted their price target on shares of Jupiter Fund Management from GBX 357 ($4.66) to GBX 360 ($4.70) and gave the company a hold rating in a report on Tuesday, April 30th. Finally, UBS Group started coverage on shares of Molecular Templates in a report on Monday, April 29th. They set a buy rating and a $12.00 price target for the company.

LON:CCC opened at GBX 1,342.06 ($17.54) on Monday. Computacenter has a 12 month low of GBX 936 ($12.23) and a 12 month high of GBX 1,632 ($21.32). The firm has a market capitalization of $1.53 billion and a P/E ratio of 19.14. The company has a quick ratio of 1.10, a current ratio of 1.23 and a debt-to-equity ratio of 31.97. The business’s fifty day moving average is GBX 1,294.74.

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).

Computacenter Company Profile

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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