Computacenter (LON:CCC) Price Target Raised to GBX 5,300

Computacenter (LON:CCC) had its price target upped by investment analysts at Berenberg Bank from GBX 3,450 to GBX 5,300 in a research note issued to investors on Monday,London Stock Exchange reports. The brokerage presently has a “buy” rating on the stock. Berenberg Bank’s price target suggests a potential upside of 10.98% from the company’s current price.

CCC has been the topic of a number of other reports. JPMorgan Chase & Co. raised Computacenter to an “overweight” rating and raised their price target for the company from GBX 4,500 to GBX 5,000 in a report on Friday, July 10th. Jefferies Financial Group reiterated a “buy” rating and issued a GBX 5,300 target price on shares of Computacenter in a research report on Thursday, July 9th. Four research analysts have rated the stock with a Buy rating, According to data from MarketBeat, the company currently has a consensus rating of “Buy” and a consensus target price of GBX 4,825.

Computacenter Stock Performance

Shares of LON CCC opened at GBX 4,775.48 on Monday. Computacenter has a 12-month low of GBX 2,092 and a 12-month high of GBX 4,778. The company has a market cap of £5.01 billion, a PE ratio of 32.82, a P/E/G ratio of 6.99 and a beta of 0.93. The stock has a 50 day simple moving average of GBX 4,263.88 and a 200-day simple moving average of GBX 3,556.78. The company has a current ratio of 1.17, a quick ratio of 0.94 and a debt-to-equity ratio of 22.53.

Insider Buying and Selling at Computacenter

In related news, insider Keith Mortimer sold 283 shares of the firm’s stock in a transaction dated Thursday, July 16th. The stock was sold at an average price of GBX 4,550, for a total transaction of £12,876.50. 43.80% of the stock is currently owned by company 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.