Computacenter (LON:CCC) Reaches New 52-Week High – Time to Buy?

Shares of Computacenter plc (LON:CCC) hit a new 52-week high on Monday . The company traded as high as GBX 3,020 and last traded at GBX 2,948, with a volume of 68803 shares trading hands. The stock had previously closed at GBX 2,970.

Wall Street Analyst Weigh In

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

Computacenter Price Performance

The stock has a market capitalization of £3.13 billion, a PE ratio of 20.34, a P/E/G ratio of 6.99 and a beta of 0.71. The company has a debt-to-equity ratio of 12.47, a current ratio of 1.31 and a quick ratio of 0.95. The stock’s fifty day moving average is GBX 2,780.70 and its 200-day moving average is GBX 2,532.18.

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

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.