Computacenter Downgraded by Panmure Gordon to Hold (CCC)
Computacenter (LON:CCC) was downgraded by equities researchers at Panmure Gordon to a “hold” rating in a research report issued on Thursday, Analyst Ratings News reports. They currently have a GBX 698 ($11.50) price target on the stock, up from their previous price target of GBX 668 ($11.01). Panmure Gordon’s target price suggests a potential upside of 8.22% from the company’s current price.
Shares of Computacenter (LON:CCC) traded up 4.65% during mid-day trading on Thursday, hitting GBX 675.00. The stock had a trading volume of 51,329 shares. Computacenter has a 52 week low of GBX 402.052 and a 52 week high of GBX 675.00. The stock has a 50-day moving average of GBX 646.4 and a 200-day moving average of GBX 563.9. The company’s market cap is £908.3 million.
A number of other firms have also recently commented on CCC. Analysts at Investec raised their price target on shares of Computacenter from GBX 630 ($10.38) to GBX 760 ($12.52) in a research note to investors on Thursday. They now have a “buy” rating on the stock. Separately, analysts at Credit Suisse raised their price target on shares of Computacenter from GBX 595 ($9.81) to GBX 734 ($12.10) in a research note to investors on Friday, November 22nd. They now have an “outperform” rating on the stock. Finally, analysts at JPMorgan Chase & Co. reiterated a “neutral” rating on shares of Computacenter in a research note to investors on Thursday, November 21st. Five investment analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus target price of GBX 636.08 ($10.48).
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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