UBS AG Downgrades Computacenter to Neutral (CCC)
Computacenter (LON:CCC) was downgraded by equities researchers at UBS AG to a “neutral” rating in a research report issued on Friday, American Banking & Market News reports. They currently have a GBX 590 ($9.42) price objective on the stock. UBS AG’s target price would suggest a potential upside of 3.78% from the stock’s previous close.
Shares of Computacenter (LON:CCC) opened at 541.50 on Friday. Computacenter has a 52 week low of GBX 332.174 and a 52 week high of GBX 567.00. The stock’s 50-day moving average is GBX 523.2 and its 200-day moving average is GBX 523.6. The company’s market cap is £728.6 million.
Other equities research analysts have also recently issued reports about the stock. Analysts at JPMorgan Chase & Co. reiterated a “neutral” rating on shares of Computacenter in a research note to investors on Monday, September 30th. They now have a GBX 500 ($7.98) price target on the stock. Finally, analysts at Panmure Gordon raised their price target on shares of Computacenter from GBX 473 ($7.55) to GBX 504 ($8.05) in a research note to investors on Friday, August 30th. They now have a “hold” rating on the stock. Five equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus price target of GBX 531.49 ($8.48).
Computacenter plc is a United Kingdom-based holding company. The Company, along with its subsidiaries, is engaged in the supply, implementation, support and management of information technology systems.
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