Computacenter (LON:CCC) Stock Price Target Raised at Berenberg Bank

Computacenter (LON:CCC) had its price target upped by equities research analysts at Berenberg Bank from GBX 6,500 to GBX 6,750 in a research note issued to investors on Tuesday, London Stock Exchange reports. The brokerage presently has a “buy” rating on the stock. Berenberg Bank‘s price target suggests a potential upside of 26.76% from the stock’s current price.

CCC has been the subject of several other reports. Jefferies Financial Group reiterated a “buy” rating and issued a GBX 6,500 price target on shares of Computacenter in a research note on Tuesday, September 8th. JPMorgan Chase & Co. increased their price target on Computacenter from GBX 5,000 to GBX 6,000 and gave the stock an “overweight” rating in a research report on Monday, September 7th. Four investment analysts have rated the stock with a Buy rating. Based on data from MarketBeat.com, Computacenter has an average rating of “Buy” and a consensus target price of GBX 5,737.50.

Computacenter Stock Performance

LON CCC opened at GBX 5,325 on Tuesday. The firm has a 50-day moving average price of GBX 5,293.04 and a two-hundred day moving average price of GBX 4,130.92. Computacenter has a 12-month low of GBX 2,656 and a 12-month high of GBX 6,045. The company has a market capitalization of £5.59 billion, a P/E ratio of 27.49, a P/E/G ratio of 6.99 and a beta of 0.95. The company has a quick ratio of 0.94, a current ratio of 1.10 and a debt-to-equity ratio of 20.49.

Computacenter (LON:CCC) last announced its earnings results on Tuesday, September 8th. The company reported GBX 103 EPS for the quarter. Computacenter had a net margin of 1.70% and a return on equity of 21.78%. Analysts anticipate that Computacenter will post 187.50 earnings per share for the current year.

Insider Activity at Computacenter

In related news, insider Keith Mortimer sold 181 shares of the business’s stock in a transaction dated Friday, July 31st. The stock was sold at an average price of GBX 4,608, for a total value of £8,340.48. Insiders own 43.80% of the company’s stock.

Computacenter Company Profile

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.