Computacenter (LON:CCC) Sets New 1-Year High – Here’s Why

Computacenter plc (LON:CCC) shares hit a new 52-week high during trading on Thursday . The stock traded as high as GBX 4,248 and last traded at GBX 4,218, with a volume of 109364 shares. The stock had previously closed at GBX 4,218.

Analyst Ratings Changes

Several analysts recently commented on CCC shares. JPMorgan Chase & Co. lifted their price objective on Computacenter from GBX 3,500 to GBX 4,000 and gave the stock an “overweight” rating in a report on Monday, April 27th. Jefferies Financial Group reaffirmed a “buy” rating and issued a GBX 4,400 price objective on shares of Computacenter in a report on Thursday. Finally, Berenberg Bank reaffirmed a “hold” rating and issued a GBX 3,450 price objective on shares of Computacenter in a report on Monday, March 16th. Three analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of GBX 3,887.50.

Computacenter Stock Up 2.8%

The company has a market capitalization of £4.55 billion, a PE ratio of 29.80, a P/E/G ratio of 6.99 and a beta of 0.90. The company has a debt-to-equity ratio of 22.53, a current ratio of 1.17 and a quick ratio of 0.95. The company has a 50-day moving average of GBX 3,470.57 and a two-hundred day moving average of GBX 3,192.99.

Computacenter (LON:CCC) last released its earnings results on Thursday, March 12th. The company reported GBX 176.30 earnings per share for the quarter. Computacenter had a return on equity of 14.84% and a net margin of 1.79%. Sell-side analysts anticipate that Computacenter plc will post 187.5 earnings per share for the current fiscal year.

Insiders Place Their Bets

In related news, insider Keith Mortimer bought 203 shares of the stock in a transaction that occurred on Friday, May 8th. The shares were bought 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.

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.