Computacenter (LON:CCC) Stock Price Expected to Rise, JPMorgan Chase & Co. Analyst Says

Computacenter (LON:CCC) had its target price raised by stock analysts at JPMorgan Chase & Co. from GBX 5,000 to GBX 6,000 in a research note issued on Monday, London Stock Exchange reports. The firm presently has an “overweight” rating on the stock. JPMorgan Chase & Co.‘s target price would suggest a potential upside of 7.00% from the stock’s previous close.

A number of other research analysts also recently weighed in on CCC. Jefferies Financial Group reissued a “buy” rating and issued a GBX 5,300 target price on shares of Computacenter in a report on Thursday, July 9th. Berenberg Bank boosted their price objective on shares of Computacenter from GBX 3,450 to GBX 5,300 and gave the company a “buy” rating in a research report on Monday, July 20th. Four analysts have rated the stock with a Buy rating, According to MarketBeat.com, the company currently has a consensus rating of “Buy” and an average target price of GBX 5,075.

Computacenter Price Performance

Shares of CCC opened at GBX 5,607.50 on Monday. The firm has a market cap of £5.89 billion, a PE ratio of 38.54, a P/E/G ratio of 6.99 and a beta of 0.93. The company has a current ratio of 1.17, a quick ratio of 0.94 and a debt-to-equity ratio of 22.53. The firm has a fifty day simple moving average of GBX 4,833.13 and a two-hundred day simple moving average of GBX 4,022.68. Computacenter has a 1-year low of GBX 2,242 and a 1-year high of GBX 5,685.

Insiders Place Their Bets

In other Computacenter news, insider Kelly Kuhn purchased 1,035 shares of the business’s stock in a transaction on Friday, July 24th. The stock was acquired at an average price of GBX 4,836 per share, for a total transaction of £50,052.60. Also, insider Keith Mortimer sold 283 shares of the firm’s stock in a transaction dated Thursday, July 16th. The shares were sold at an average price of GBX 4,550, for a total value of £12,876.50. 43.80% of the stock is currently 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.