Computacenter’s (CCC) Buy Rating Reaffirmed at Jefferies Financial Group

Computacenter (LON:CCC)‘s stock had its “buy” rating restated by equities researchers at Jefferies Financial Group in a report released on Thursday,London Stock Exchange reports. They currently have a GBX 5,300 price target on the stock. Jefferies Financial Group’s price objective suggests a potential upside of 17.71% 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 set a GBX 3,450 target price on shares of Computacenter in a research report on Monday, March 16th. JPMorgan Chase & Co. lifted their price target on shares of Computacenter from GBX 4,000 to GBX 4,500 and gave the company an “overweight” rating in a research report on Friday, May 29th. Three equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of GBX 4,237.50.

Computacenter Stock Up 8.9%

Shares of CCC stock opened at GBX 4,502.45 on Thursday. The stock’s 50 day simple moving average is GBX 4,165.04 and its 200 day simple moving average is GBX 3,478.26. The company has a debt-to-equity ratio of 22.53, a quick ratio of 0.94 and a current ratio of 1.17. Computacenter has a twelve month low of GBX 2,092 and a twelve month high of GBX 4,702. The company has a market capitalization of £4.73 billion, a price-to-earnings ratio of 30.94, a PEG ratio of 6.99 and a beta of 0.93.

Insiders Place Their Bets

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

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.