Computacenter (LON:CCC) Sets New 12-Month High – Still a Buy?

Computacenter plc (LON:CCCGet Free Report) shares reached a new 52-week high on Thursday . The stock traded as high as GBX 4,702 and last traded at GBX 4,554, with a volume of 1148353 shares traded. The stock had previously closed at GBX 4,136.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on CCC shares. Berenberg Bank reissued a “hold” rating and issued a GBX 3,450 target price on shares of Computacenter in a report on Monday, March 16th. JPMorgan Chase & Co. upgraded Computacenter to an “overweight” rating and increased their price target for the stock from GBX 4,500 to GBX 5,000 in a research report on Friday. Finally, Jefferies Financial Group reissued a “buy” rating and issued a GBX 5,300 price target on shares of Computacenter in a report on Thursday. Three equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of GBX 4,362.50.

Check Out Our Latest Stock Report on CCC

Computacenter Stock Up 0.5%

The firm’s 50-day moving average price is GBX 4,191.72 and its 200 day moving average price is GBX 3,495.27. The firm has a market cap of £4.67 billion, a P/E ratio of 30.61, a price-to-earnings-growth ratio of 6.99 and a beta of 0.93. The company has a quick ratio of 0.94, a current ratio of 1.17 and a debt-to-equity ratio of 22.53.

Insider Transactions at Computacenter

In other news, insider Keith Mortimer bought 203 shares of Computacenter stock in a transaction on Friday, May 8th. The stock was purchased at an average cost of GBX 1,772 per share, with a total value of £3,597.16. 43.80% of the stock is owned by insiders.

About Computacenter

(Get Free Report)

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.

Further Reading

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