Computacenter (LON:CCC) Hits New 52-Week High – What’s Next?

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

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on CCC. Berenberg Bank lifted their price objective on shares of Computacenter from GBX 3,450 to GBX 5,300 and gave the stock a “buy” rating in a research report on Monday, July 20th. Jefferies Financial Group restated a “buy” rating and issued a GBX 5,300 target price on shares of Computacenter in a research note on Thursday, July 9th. Finally, 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 report on Friday, July 10th. Four equities research analysts have rated the stock with a Buy rating, According to data from MarketBeat, the company presently has a consensus rating of “Buy” and an average target price of GBX 4,825.

Computacenter Stock Up 2.6%

The business’s 50 day moving average is GBX 4,492.49 and its 200 day moving average is GBX 3,783.44. The company has a market capitalization of £5.32 billion, a price-to-earnings ratio of 34.81, a PEG ratio of 6.99 and a beta of 0.93. The company has a debt-to-equity ratio of 22.53, a quick ratio of 0.94 and a current ratio of 1.17.

Insiders Place Their Bets

In related news, insider Kelly Kuhn purchased 1,035 shares of the firm’s stock in a transaction on Friday, July 24th. The stock was acquired at an average price of GBX 4,836 per share, with a total value of £50,052.60. Also, insider Keith Mortimer sold 283 shares of Computacenter stock in a transaction on Thursday, July 16th. The stock was sold at an average price of GBX 4,550, for a total transaction of £12,876.50. 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.