Shares of Computacenter plc (LON:CCC – Get Rating) hit a new 52-week low during trading on Thursday . The company traded as low as GBX 2,322 ($28.63) and last traded at GBX 2,332 ($28.75), with a volume of 37253 shares. The stock had previously closed at GBX 2,420 ($29.84).
A number of equities analysts have commented on the stock. Berenberg Bank reiterated a “buy” rating and issued a GBX 3,600 ($44.38) price objective on shares of Computacenter in a report on Wednesday, April 20th. Morgan Stanley cut their price objective on shares of Computacenter from GBX 2,850 ($35.14) to GBX 2,800 ($34.52) and set an “equal weight” rating on the stock in a report on Friday, March 25th.
The firm has a market cap of £2.80 billion and a price-to-earnings ratio of 15.23. The business’s 50 day moving average price is GBX 2,764.08 and its 200-day moving average price is GBX 2,752.91. The company has a debt-to-equity ratio of 25.50, a quick ratio of 0.96 and a current ratio of 1.21.
In related news, insider Michael J. Norris sold 24,358 shares of the stock in a transaction dated Monday, March 21st. The shares were sold at an average price of GBX 2,928 ($36.10), for a total transaction of £713,202.24 ($879,302.48).
Computacenter Company Profile (LON:CCC)
Computacenter plc provides information technology (IT) infrastructure and operations services in the United Kingdom, Germany, France, North America, and internationally. The company offers workplace solutions, including endpoint management, field and lifecycle, virtual desktop, managed print, service desk and remote support, application, collaboration management, and experience management services, as well as device as a service; applications and data solutions, including software development, software lifecycle management, cloud and application support, application migration, data and analytics, user experience, and process automation services; cloud and data center solutions, which include data center, cloud platform, marketplace software sourcing, private cloud, enterprise cloud, finops, data center deployment, cloud optimization, application migration, infrastructure and cloud managed, and application platform services.
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