Computacenter (LON:CCC) Posts Quarterly Earnings Results

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

Computacenter Price Performance

Shares of Computacenter stock opened at GBX 5,392.44 on Tuesday. The stock has a market cap of £5.66 billion, a P/E ratio of 37.06, a P/E/G ratio of 6.99 and a beta of 0.95. The company has a debt-to-equity ratio of 22.53, a quick ratio of 0.94 and a current ratio of 1.17. The stock’s fifty day moving average is GBX 4,859.65 and its 200 day moving average is GBX 4,041.23. Computacenter has a one year low of GBX 2,242 and a one year high of GBX 6,045.

Analyst Upgrades and Downgrades

A number of equities research analysts have commented on CCC shares. Berenberg Bank lifted their target price 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. JPMorgan Chase & Co. raised their price target on 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 reaffirmed a “buy” rating and issued a GBX 5,300 price objective on shares of Computacenter in a report on Thursday, July 9th. Four research analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, Computacenter currently has an average rating of “Buy” and an average price target of GBX 5,075.

Insider Transactions at Computacenter

In related news, insider Keith Mortimer sold 181 shares of the business’s stock in a transaction that occurred on Friday, July 31st. The stock was sold at an average price of GBX 4,608, for a total transaction of £8,340.48. Also, insider Kelly Kuhn acquired 1,035 shares of the business’s stock in a transaction that occurred on Friday, July 24th. The shares were bought at an average price of GBX 4,836 per share, with a total value of £50,052.60. Corporate 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.