Computacenter (LON:CCC) Price Target Raised to GBX 6,500

Computacenter (LON:CCC) had its price target increased by Berenberg Bank from GBX 5,300 to GBX 6,500 in a report released on Wednesday,Digital Look reports. They currently have a buy rating on the stock.

A number of other research analysts also recently issued reports on the stock. Jefferies Financial Group reiterated a “buy” rating and set a GBX 6,500 target price on shares of Computacenter in a research report on Tuesday. JPMorgan Chase & Co. raised their price target on shares of Computacenter from GBX 5,000 to GBX 6,000 and gave the stock an “overweight” rating in a report on Monday, September 7th. Four research analysts have rated the stock with a Buy rating, According to MarketBeat.com, the company currently has an average rating of “Buy” and a consensus target price of GBX 5,675.

Computacenter Stock Up 1.8%

Shares of Computacenter stock opened at GBX 5,220 on Wednesday. The stock’s 50-day moving average is GBX 4,925.71 and its 200 day moving average is GBX 4,093.45. Computacenter has a one year low of GBX 2,242 and a one year high of GBX 6,045. The firm has a market cap of £5.48 billion, a price-to-earnings ratio of 35.88, a PEG ratio of 6.99 and a beta of 0.95. The company has a debt-to-equity ratio of 20.49, a current ratio of 1.10 and a quick ratio of 0.94.

Computacenter (LON:CCC) last issued its earnings results on Tuesday, September 8th. The company reported GBX 103 earnings per share for the quarter. Computacenter had a return on equity of 21.78% and a net margin of 1.70%. Equities research analysts anticipate that Computacenter will post 187.5 EPS for the current year.

Insider Buying and Selling at Computacenter

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

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.