Computacenter (LON:CCC) Hits New 12-Month High After Analyst Upgrade

Computacenter plc (LON:CCC)’s stock price hit a new 52-week high during mid-day trading on Tuesday after JPMorgan Chase & Co. raised their price target on the stock from GBX 5,000 to GBX 6,000. JPMorgan Chase & Co. currently has an overweight rating on the stock. Computacenter traded as high as GBX 6,045 and last traded at GBX 5,900, with a volume of 1016713 shares. The stock had previously closed at GBX 5,600.

Several other equities analysts have also recently weighed in on the company. Berenberg Bank lifted their price objective on Computacenter from GBX 3,450 to GBX 5,300 and gave the company a “buy” rating in a report on Monday, July 20th. Jefferies Financial Group reissued a “buy” rating and set a GBX 5,300 target price on shares of Computacenter in a report on Thursday, July 9th. Four analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, Computacenter has a consensus rating of “Buy” and a consensus price target of GBX 5,075.

Insider Activity at Computacenter

In related news, insider Keith Mortimer sold 181 shares of the stock in a transaction that occurred on Friday, July 31st. The shares were sold at an average price of GBX 4,608, for a total value of £8,340.48. Also, insider Kelly Kuhn bought 1,035 shares of the business’s stock in a transaction on Friday, July 24th. The stock was bought at an average price of GBX 4,836 per share, for a total transaction of £50,052.60. Insiders own 43.80% of the company’s stock.

Computacenter Stock Performance

The company has a market cap of £6.05 billion, a price-to-earnings ratio of 39.62, a P/E/G ratio of 6.99 and a beta of 0.95. The company has a debt-to-equity ratio of 22.53, a quick ratio of 0.94 and a current ratio of 1.17. The company has a fifty day moving average of GBX 4,859.65 and a two-hundred day moving average of GBX 4,041.23.

Computacenter (LON:CCC) last issued its earnings results on Tuesday, September 8th. The company reported GBX 103 earnings per share (EPS) for the quarter. Computacenter had a return on equity of 14.84% and a net margin of 1.79%. Equities research analysts anticipate that Computacenter plc will post 187.5 EPS for the current year.

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.