Computacenter (LON:CCC) Reaches New 12-Month High – Should You Buy?

Computacenter plc (LON:CCC)’s stock price hit a new 52-week high during mid-day trading on Monday . The stock traded as high as GBX 2,774 ($37.26) and last traded at GBX 2,756.40 ($37.02), with a volume of 1432 shares changing hands. The stock had previously closed at GBX 2,752 ($36.96).

Analysts Set New Price Targets

CCC has been the subject of a number of research analyst reports. Berenberg Bank reiterated a “hold” rating and set a GBX 2,425 price target on shares of Computacenter in a report on Tuesday, September 9th. UBS Group reiterated a “buy” rating and set a GBX 2,700 target price on shares of Computacenter in a research note on Friday, September 5th. Finally, Jefferies Financial Group restated a “buy” rating and issued a GBX 3,200 price target on shares of Computacenter in a research note on Wednesday, September 10th. Two analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of GBX 2,775.

Computacenter Stock Performance

The company has a fifty day moving average of GBX 2,383.78 and a two-hundred day moving average of GBX 2,412.04. The firm has a market capitalization of £2.91 billion, a price-to-earnings ratio of 1,893.52, a PEG ratio of 6.99 and a beta of 0.71. The company has a debt-to-equity ratio of 12.47, a quick ratio of 0.95 and a current ratio of 1.31.

Computacenter (LON:CCC) last posted its quarterly earnings data on Tuesday, September 9th. The company reported GBX 52.80 earnings per share for the quarter. Computacenter had a return on equity of 17.61% and a net margin of 2.64%. As a group, equities research analysts predict that Computacenter plc will post 187.5 earnings per share for the current fiscal year.

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.