Computacenter (LON:CCC) Sets New 12-Month High – Time to Buy?

Shares of Computacenter plc (LON:CCC) hit a new 52-week high during trading on Friday . The company traded as high as GBX 5,080 and last traded at GBX 5,040.87, with a volume of 63780 shares traded. The stock had previously closed at GBX 4,938.

Analyst Ratings Changes

CCC has been the subject of several research analyst reports. JPMorgan Chase & Co. raised shares of Computacenter to an “overweight” rating and lifted their price target for the company from GBX 4,500 to GBX 5,000 in a research note on Friday, July 10th. Berenberg Bank raised their price objective on Computacenter from GBX 3,450 to GBX 5,300 and gave the stock a “buy” rating in a report on Monday, July 20th. Finally, Jefferies Financial Group reaffirmed a “buy” rating and set 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, Based on data from MarketBeat, Computacenter currently has a consensus rating of “Buy” and an average target price of GBX 4,825.

Computacenter Price Performance

The company has a current ratio of 1.17, a quick ratio of 0.94 and a debt-to-equity ratio of 22.53. The firm’s 50-day moving average price is GBX 4,492.49 and its two-hundred day moving average price is GBX 3,783.44. The stock has a market cap of £5.32 billion, a PE ratio of 34.81, a PEG ratio of 6.99 and a beta of 0.93.

Insider Buying and Selling

In related news, insider Kelly Kuhn bought 1,035 shares of the 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. Also, insider Keith Mortimer sold 283 shares of the company’s stock in a transaction on Thursday, July 16th. The stock was sold at an average price of GBX 4,550, for a total value of £12,876.50. Insiders own 43.80% 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.