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

Computacenter plc (LON:CCC) hit a new 52-week high on Wednesday . The company traded as high as GBX 3,876 and last traded at GBX 3,868, with a volume of 114063 shares trading hands. The stock had previously closed at GBX 3,772.

Analyst Ratings Changes

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

Computacenter Price Performance

The stock has a fifty day moving average of GBX 3,173.02 and a two-hundred day moving average of GBX 3,048.82. The stock has a market cap of £4.07 billion, a price-to-earnings ratio of 26.69, a price-to-earnings-growth ratio of 6.99 and a beta of 0.82. The company has a quick ratio of 0.95, a current ratio of 1.17 and a debt-to-equity ratio of 22.53.

Computacenter (LON:CCC) last announced its quarterly earnings data on Thursday, March 12th. The company reported GBX 176.30 earnings per share for the quarter. Computacenter had a return on equity of 14.84% and a net margin of 1.79%. On average, equities research analysts anticipate that Computacenter plc will post 187.5 earnings per share for the current 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.

Computacenter is a public company quoted on the London FTSE 250 (CCC.L) and employs over 20,000 people worldwide.