JPMorgan Chase & Co. Increases Computacenter (LON:CCC) Price Target to GBX 3,300

Computacenter (LON:CCC) had its price target hoisted by equities researchers at JPMorgan Chase & Co. from GBX 3,000 to GBX 3,300 in a research report issued to clients and investors on Thursday, MarketBeat.com reports. The firm presently has an “overweight” rating on the stock. JPMorgan Chase & Co.‘s target price would indicate a potential upside of 8.77% from the stock’s current price.

Several other equities analysts also recently commented on the stock. Berenberg Bank reiterated a “hold” rating and issued a GBX 2,425 price objective on shares of Computacenter in a report on Tuesday, September 9th. UBS Group reissued a “buy” rating and issued a GBX 2,700 price target on shares of Computacenter in a report on Friday, September 5th. Finally, Jefferies Financial Group restated a “buy” rating and set a GBX 3,200 price objective on shares of Computacenter in a research report on Wednesday, September 10th. Three equities research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of GBX 2,906.25.

Computacenter Price Performance

Shares of LON CCC opened at GBX 3,034 on Thursday. The company has a quick ratio of 0.95, a current ratio of 1.31 and a debt-to-equity ratio of 12.47. The business’s 50 day moving average price is GBX 2,808.34 and its two-hundred day moving average price is GBX 2,542.61. The company has a market cap of £3.18 billion, a PE ratio of 20.71, a price-to-earnings-growth ratio of 6.99 and a beta of 0.71. Computacenter has a twelve month low of GBX 2,020 and a twelve month high of GBX 3,098.

Computacenter (LON:CCC) last issued its earnings results on Tuesday, September 9th. The company reported GBX 52.80 EPS for the quarter. Computacenter had a return on equity of 17.61% and a net margin of 2.64%. On average, analysts predict that Computacenter will post 187.5 EPS for the current year.

About Computacenter

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.