Computacenter (LON:CCC) Sets New 52-Week High Following Analyst Upgrade

Computacenter plc (LON:CCC) shares hit a new 52-week high on Monday after Berenberg Bank raised their price target on the stock from GBX 3,450 to GBX 5,300. Berenberg Bank currently has a buy rating on the stock. Computacenter traded as high as GBX 4,720 and last traded at GBX 4,714.10, with a volume of 2189056 shares trading hands. The stock had previously closed at GBX 4,580.

Other equities analysts have also recently issued reports about the stock. JPMorgan Chase & Co. raised shares of Computacenter to an “overweight” rating and lifted their price target for the stock from GBX 4,500 to GBX 5,000 in a research note on Friday, July 10th. Jefferies Financial Group reissued a “buy” rating and issued a GBX 5,300 price objective on shares of Computacenter in a research note on Thursday, July 9th. Four equities research analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, the company currently has an average rating of “Buy” and an average price target of GBX 4,825.

Insider Buying and Selling at Computacenter

In related news, insider Keith Mortimer sold 283 shares of the business’s stock in a transaction that occurred on Thursday, July 16th. The stock was sold at an average price of GBX 4,550, for a total value of £12,876.50. Corporate insiders own 43.80% of the company’s stock.

Computacenter Stock Down 0.0%

The firm has a market capitalization of £5.10 billion, a PE ratio of 33.43, a PEG ratio of 6.99 and a beta of 0.93. The company has a fifty day simple moving average of GBX 4,297.28 and a two-hundred day simple moving average of GBX 3,583.48. The company has a debt-to-equity ratio of 22.53, a quick ratio of 0.94 and a current ratio of 1.17.

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.