Computacenter (LON:CCC) Stock Price Up 9.9% – Here’s What Happened

Shares of Computacenter plc (LON:CCC) traded up 9.9% during trading on Friday . The company traded as high as GBX 3,692 and last traded at GBX 3,674. 407,242 shares changed hands during mid-day trading, a decline of 59% from the average session volume of 1,004,988 shares. The stock had previously closed at GBX 3,342.

Analyst Upgrades and Downgrades

Several equities research analysts have recently commented on CCC shares. Berenberg Bank reiterated a “hold” rating and set a GBX 3,450 price target on shares of Computacenter in a research report on Monday, March 16th. UBS Group reissued a “buy” rating and issued a GBX 3,700 price target on shares of Computacenter in a research note on Friday, January 23rd. JPMorgan Chase & Co. raised their price target on Computacenter from GBX 3,300 to GBX 3,500 and gave the stock an “overweight” rating in a research report on Friday, January 23rd. Finally, Jefferies Financial Group lifted their price objective on Computacenter from GBX 3,300 to GBX 3,800 and gave the stock a “buy” rating in a research note on Wednesday, January 14th. Three investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of GBX 3,612.50.

Computacenter Stock Performance

The company has a debt-to-equity ratio of 22.53, a quick ratio of 0.95 and a current ratio of 1.17. The stock’s 50-day moving average is GBX 3,078.82 and its 200 day moving average is GBX 3,000.46. The firm has a market cap of £3.86 billion, a P/E ratio of 25.31, a PEG ratio of 6.99 and a beta of 0.82.

Computacenter (LON:CCC) last announced its quarterly earnings results on Thursday, March 12th. The company reported GBX 176.30 earnings per share (EPS) for the quarter. Computacenter had a return on equity of 14.84% and a net margin of 1.79%. On average, research analysts predict that Computacenter plc will post 187.5 earnings per share for the current year.

Computacenter Company Profile

Computacenter is a leading independent technology and services provider, trusted by large corporate and public sector organisations.

We are a responsible business that believes in winning together for our people and our planet. We help our customers to Source, Transform and Manage their technology infrastructure to deliver digital transformation, enabling people and their business.

Computacenter is a public company quoted on the London FTSE 250 (CCC.L) and employs over 20,000 people worldwide.