Computacenter (LON:CCC) Upgraded by Jefferies Financial Group to “Buy” Rating

Computacenter (LON:CCC) was upgraded by analysts at Jefferies Financial Group to a “buy” rating in a report released on Thursday,London Stock Exchange reports. The firm presently has a GBX 5,000 target price on the stock, up from their previous target price of GBX 4,400. Jefferies Financial Group’s target price would indicate a potential upside of 15.05% from the company’s previous close.

Other equities research analysts have also issued reports about the stock. JPMorgan Chase & Co. boosted their price objective on shares of Computacenter from GBX 4,000 to GBX 4,500 and gave the stock an “overweight” rating in a report on Friday, May 29th. Berenberg Bank reaffirmed a “hold” rating and set a GBX 3,450 target price on shares of Computacenter in a report on Monday, March 16th. Three investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat, Computacenter presently has a consensus rating of “Moderate Buy” and a consensus price target of GBX 4,162.50.

Computacenter Stock Up 2.3%

Shares of LON CCC opened at GBX 4,346 on Thursday. Computacenter has a one year low of GBX 2,092 and a one year high of GBX 4,648. The company has a debt-to-equity ratio of 22.53, a current ratio of 1.17 and a quick ratio of 0.94. The firm’s 50 day simple moving average is GBX 3,989.04 and its two-hundred day simple moving average is GBX 3,388.25. The stock has a market capitalization of £4.56 billion, a P/E ratio of 29.87, a PEG ratio of 6.99 and a beta of 0.93.

Insiders Place Their Bets

In related news, insider Keith Mortimer bought 203 shares of the company’s stock in a transaction that occurred on Friday, May 8th. The stock was bought at an average cost of GBX 1,772 per share, for a total transaction of £3,597.16. 43.80% of the stock is owned by corporate insiders.

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.