Computacenter (LON:CCC) Sets New 1-Year High – Here’s Why

Computacenter plc (LON:CCC)’s share price hit a new 52-week high during trading on Thursday . The stock traded as high as GBX 4,248 and last traded at GBX 4,218, with a volume of 109364 shares changing hands. The stock had previously closed at GBX 4,218.

Analysts Set New Price Targets

Several equities analysts have recently commented on CCC shares. JPMorgan Chase & Co. boosted their price objective on Computacenter from GBX 3,500 to GBX 4,000 and gave the company an “overweight” rating in a research report on Monday, April 27th. Berenberg Bank restated a “hold” rating and issued a GBX 3,450 price objective on shares of Computacenter in a research report on Monday, March 16th. Finally, Jefferies Financial Group restated a “buy” rating and issued a GBX 4,400 price objective on shares of Computacenter in a research report on Thursday. Three investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of GBX 3,887.50.

Computacenter Stock Up 2.8%

The company has a 50-day moving average price of GBX 3,470.57 and a 200 day moving average price of GBX 3,192.99. The firm has a market capitalization of £4.55 billion, a PE ratio of 29.80, a P/E/G ratio of 6.99 and a beta of 0.90. The company has a debt-to-equity ratio of 22.53, a current ratio of 1.17 and a quick ratio of 0.95.

Computacenter (LON:CCC) last announced its quarterly earnings data on Thursday, March 12th. The company reported GBX 176.30 EPS for the quarter. Computacenter had a return on equity of 14.84% and a net margin of 1.79%. Analysts forecast that Computacenter plc will post 187.5 earnings per share for the current year.

Insider Activity at Computacenter

In other news, insider Keith Mortimer bought 203 shares of the firm’s stock in a transaction that occurred on Friday, May 8th. The shares were bought at an average cost of GBX 1,772 per share, for a total transaction of £3,597.16. Corporate 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.