Computacenter (LON:CCC) Reaches New 52-Week High Following Analyst Upgrade

Computacenter plc (LON:CCCGet Free Report) shares hit a new 52-week high during trading on Monday after Berenberg Bank raised their price target on the stock from GBX 3,450 to GBX 5,300. Berenberg Bank currently has a buy rating on the stock. Computacenter traded as high as GBX 4,720 and last traded at GBX 4,714.10, with a volume of 2189056 shares trading hands. The stock had previously closed at GBX 4,580.

Several other equities analysts also recently commented on the stock. Jefferies Financial Group restated a “buy” rating and issued a GBX 5,300 price target on shares of Computacenter in a research note on Thursday, July 9th. JPMorgan Chase & Co. raised shares of Computacenter to an “overweight” rating and boosted their price objective for the company from GBX 4,500 to GBX 5,000 in a report on Friday, July 10th. Four analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, Computacenter has an average rating of “Buy” and a consensus price target of GBX 4,825.

Read Our Latest Stock Report on CCC

Insider Buying and Selling at Computacenter

In other news, insider Keith Mortimer sold 283 shares of the stock in a transaction on Thursday, July 16th. The stock was sold at an average price of GBX 4,550, for a total transaction of £12,876.50. Insiders own 43.80% of the company’s stock.

Computacenter Price Performance

The business has a fifty day moving average price of GBX 4,297.28 and a 200 day moving average price of GBX 3,583.48. The company has a market cap of £5.10 billion, a price-to-earnings ratio of 33.37, a PEG ratio of 6.99 and a beta of 0.93. The company has a debt-to-equity ratio of 22.53, a quick ratio of 0.94 and a current ratio of 1.17.

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.

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