Barclays Reiterates “Underweight” Rating for Computacenter plc (CCC)
Computacenter plc (LON:CCC)‘s stock had its “underweight” rating reissued by equities researchers at Barclays in a research report issued on Monday. They currently have a GBX 600 ($9.96) price objective on the stock. Barclays’ price objective suggests a potential downside of 3.54% from the stock’s previous close.
Computacenter plc (LON:CCC) opened at 622.50 on Monday. Computacenter plc has a 1-year low of GBX 498.00 and a 1-year high of GBX 720.00. The stock’s 50-day moving average is GBX 618. and its 200-day moving average is GBX 638.2. The company’s market cap is £846.4 million.
The company also recently declared a dividend, which is scheduled for Friday, October 17th. Shareholders of record on Wednesday, September 17th will be given a dividend of GBX 5.90 ($0.10) per share. This represents a yield of 0.94%. The ex-dividend date of this dividend is Wednesday, September 17th.
Other equities research analysts have also recently issued reports about the stock. Analysts at Investec reiterated a “buy” rating on shares of Computacenter plc in a research note on Friday. They now have a GBX 760 ($12.61) price target on the stock. Separately, analysts at Panmure Gordon reiterated a “buy” rating on shares of Computacenter plc in a research note on Tuesday, August 26th. They now have a GBX 695 ($11.53) price target on the stock. Finally, analysts at Jefferies Group cut their price target on shares of Computacenter plc from GBX 720 ($11.95) to GBX 690 ($11.45) in a research note on Friday, August 1st. They now have a “hold” rating on the stock. One investment analyst has rated the stock with a sell rating, two have given a hold rating and three have issued a buy rating to the company. Computacenter plc currently has a consensus rating of “Hold” and a consensus target price of GBX 698.17 ($11.59).
Computacenter plc is a holding engaged in the supply, implementation, support and management of information technology infrastructure.
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