Computacenter (LON:CCC) Reaches New 1-Year High – What’s Next?

Computacenter plc (LON:CCC) shares hit a new 52-week high during mid-day trading on Friday . The company traded as high as GBX 4,164 and last traded at GBX 4,160, with a volume of 124843 shares traded. The stock had previously closed at GBX 4,074.

Analyst Ratings Changes

A number of brokerages recently issued reports on CCC. Berenberg Bank reiterated a “hold” rating and issued a GBX 3,450 target price on shares of Computacenter in a report on Monday, March 16th. JPMorgan Chase & Co. raised their price objective on Computacenter from GBX 3,500 to GBX 4,000 and gave the company an “overweight” rating in a research note on Monday, April 27th. Jefferies Financial Group restated a “buy” rating and set a GBX 3,700 price objective on shares of Computacenter in a research note on Friday, April 24th. Finally, UBS Group restated a “buy” rating and set a GBX 3,700 price objective on shares of Computacenter in a research note on Friday, January 23rd. Three investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat.com, Computacenter has a consensus rating of “Moderate Buy” and an average target price of GBX 3,712.50.

Computacenter Trading Up 2.8%

The company has a debt-to-equity ratio of 22.53, a quick ratio of 0.95 and a current ratio of 1.17. The firm has a 50 day simple moving average of GBX 3,378.15 and a two-hundred day simple moving average of GBX 3,154.91. The firm has a market capitalization of £4.39 billion, a P/E ratio of 28.78, a PEG ratio of 6.99 and a beta of 0.90.

Computacenter (LON:CCC) last announced its earnings results on Thursday, March 12th. The company reported GBX 176.30 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 forecast that Computacenter plc will post 187.5 earnings per share for the current year.

Insiders Place Their Bets

In related news, insider Keith Mortimer purchased 203 shares of Computacenter stock in a transaction that occurred on Friday, May 8th. The stock was bought at an average price of GBX 1,772 per share, for a total transaction of £3,597.16. Insiders own 36.63% of the company’s stock.

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.