Computacenter (LON:CCC) Sets New 1-Year High – Should You Buy?

Computacenter plc (LON:CCC)’s stock price reached a new 52-week high during mid-day trading on Monday . The company traded as high as GBX 5,105.81 and last traded at GBX 5,080, with a volume of 1247686 shares changing hands. The stock had previously closed at GBX 5,085.

Wall Street Analysts Forecast Growth

A number of research firms recently commented on CCC. Jefferies Financial Group restated a “buy” rating and set a GBX 5,300 price target on shares of Computacenter in a research report on Thursday, July 9th. Berenberg Bank lifted their price objective on Computacenter from GBX 3,450 to GBX 5,300 and gave the company a “buy” rating in a research report on Monday, July 20th. Finally, JPMorgan Chase & Co. raised Computacenter to an “overweight” rating and boosted their price objective for the stock from GBX 4,500 to GBX 5,000 in a research note on Friday, July 10th. Four investment analysts have rated the stock with a Buy rating, Based on data from MarketBeat, the company has a consensus rating of “Buy” and a consensus price target of GBX 4,825.

Computacenter Price Performance

The company has a quick ratio of 0.94, a current ratio of 1.17 and a debt-to-equity ratio of 22.53. The stock’s 50-day moving average price is GBX 4,590.63 and its 200-day moving average price is GBX 3,855.86. The company has a market capitalization of £5.33 billion, a price-to-earnings ratio of 34.91, a price-to-earnings-growth ratio of 6.99 and a beta of 0.93.

Insiders Place Their Bets

In other Computacenter 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 value of £12,876.50. Also, insider Kelly Kuhn bought 1,035 shares of the stock in a transaction dated Friday, July 24th. The stock was purchased at an average cost of GBX 4,836 per share, with a total value of £50,052.60. 43.80% of the stock is currently owned by company 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.