Computacenter (LON:CCC) Reaches New 1-Year High – What’s Next?

Computacenter plc (LON:CCC) shares hit a new 52-week high on Friday . The stock traded as high as GBX 4,164 and last traded at GBX 4,160, with a volume of 124843 shares. The stock had previously closed at GBX 4,074.

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on the company. JPMorgan Chase & Co. lifted their target price on Computacenter from GBX 3,500 to GBX 4,000 and gave the company an “overweight” rating in a report on Monday, April 27th. Berenberg Bank reaffirmed a “hold” rating and set a GBX 3,450 target price on shares of Computacenter in a report on Monday, March 16th. UBS Group reaffirmed a “buy” rating and set a GBX 3,700 target price on shares of Computacenter in a report on Friday, January 23rd. Finally, Jefferies Financial Group reaffirmed a “buy” rating and set a GBX 3,700 target price on shares of Computacenter in a report on Friday, April 24th. Three equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of GBX 3,712.50.

Computacenter Stock Up 2.8%

The company has a debt-to-equity ratio of 22.53, a current ratio of 1.17 and a quick ratio of 0.95. The company has a market cap of £4.39 billion, a PE ratio of 28.78, a price-to-earnings-growth ratio of 6.99 and a beta of 0.90. The company has a fifty day moving average price of GBX 3,378.15 and a 200 day moving average price of GBX 3,154.91.

Computacenter (LON:CCC) last issued 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%. As a group, analysts anticipate that Computacenter plc will post 187.5 EPS for the current year.

Insiders Place Their Bets

In other news, insider Keith Mortimer bought 203 shares of the company’s stock in a transaction that occurred on Friday, May 8th. The stock was bought at an average price of GBX 1,772 per share, for a total transaction of £3,597.16. 36.63% of the stock is owned by insiders.

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.