Computacenter (LON:CCC) Given “Buy” Rating at Jefferies Financial Group

Computacenter (LON:CCC)‘s stock had its “buy” rating restated by investment analysts at Jefferies Financial Group in a report issued on Thursday,Digital Look reports. They currently have a GBX 4,400 target price on the stock. Jefferies Financial Group’s price objective would suggest a potential upside of 1.52% from the stock’s current price.

CCC has been the subject of a number of other research reports. Berenberg Bank reaffirmed a “hold” rating and issued a GBX 3,450 price objective on shares of Computacenter in a research note on Monday, March 16th. JPMorgan Chase & Co. upped their price objective on shares of Computacenter from GBX 3,500 to GBX 4,000 and gave the company an “overweight” rating in a research note on Monday, April 27th. Three research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of GBX 3,887.50.

Computacenter Price Performance

CCC stock opened at GBX 4,334 on Thursday. The company has a debt-to-equity ratio of 22.53, a current ratio of 1.17 and a quick ratio of 0.95. Computacenter has a one year low of GBX 2,092 and a one year high of GBX 4,336. The stock has a market cap of £4.55 billion, a PE ratio of 29.79, a P/E/G ratio of 6.99 and a beta of 0.90. The firm has a 50 day simple moving average of GBX 3,470.57 and a two-hundred day simple moving average of GBX 3,192.99.

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

Insider Buying and Selling

In related news, insider Keith Mortimer acquired 203 shares of the firm’s stock in a transaction on Friday, May 8th. The stock was acquired at an average cost of GBX 1,772 per share, for a total transaction of £3,597.16. Company insiders own 36.63% of the company’s stock.

About Computacenter

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.