Computacenter (LON:CCC) Issues Earnings Results

Computacenter (LON:CCC) issued its quarterly earnings data on Tuesday. The company reported GBX 103 earnings per share (EPS) for the quarter, Digital Look Earnings reports. Computacenter had a return on equity of 14.84% and a net margin of 1.79%.

Computacenter Trading Down 6.0%

LON CCC opened at GBX 5,265 on Tuesday. The stock has a market capitalization of £5.53 billion, a PE ratio of 36.19, a price-to-earnings-growth ratio of 6.99 and a beta of 0.95. The firm has a 50 day moving average of GBX 4,859.65 and a two-hundred day moving average of GBX 4,041.23. Computacenter has a 52 week low of GBX 2,242 and a 52 week high of GBX 6,045. The company has a quick ratio of 0.94, a current ratio of 1.17 and a debt-to-equity ratio of 22.53.

Insiders Place Their Bets

In other Computacenter news, insider Kelly Kuhn acquired 1,035 shares of the stock in a transaction dated Friday, July 24th. The stock was acquired at an average cost of GBX 4,836 per share, with a total value of £50,052.60. Also, insider Keith Mortimer sold 181 shares of the firm’s stock in a transaction dated Friday, July 31st. The stock was sold at an average price of GBX 4,608, for a total value of £8,340.48. 43.80% of the stock is owned by company insiders.

Analyst Ratings Changes

A number of research firms have commented on CCC. Berenberg Bank upped their price target on Computacenter from GBX 3,450 to GBX 5,300 and gave the stock a “buy” rating in a research note on Monday, July 20th. JPMorgan Chase & Co. upped their target price on shares of Computacenter from GBX 5,000 to GBX 6,000 and gave the stock an “overweight” rating in a research note on Monday. Finally, Jefferies Financial Group restated a “buy” rating and issued a GBX 5,300 price target on shares of Computacenter in a research note on Thursday, July 9th. Four equities research analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, the stock presently has a consensus rating of “Buy” and an average price target of GBX 5,075.

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.