Computacenter (LON:CCC) Sets New 12-Month High – Time to Buy?

Computacenter plc (LON:CCC)’s stock price reached a new 52-week high during mid-day trading on Wednesday . The stock traded as high as GBX 3,110 and last traded at GBX 3,038, with a volume of 41810 shares trading hands. The stock had previously closed at GBX 3,044.

Analyst Upgrades and Downgrades

Separately, JPMorgan Chase & Co. increased their price target on Computacenter from GBX 3,000 to GBX 3,300 and gave the company an “overweight” rating in a report on Thursday, December 4th. Three equities research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of GBX 2,906.25.

Computacenter Stock Performance

The firm has a market capitalization of £3.36 billion, a P/E ratio of 21.86, a P/E/G ratio of 6.99 and a beta of 0.71. The company has a debt-to-equity ratio of 12.47, a current ratio of 1.31 and a quick ratio of 0.95. The firm has a 50-day moving average price of GBX 2,939.04 and a two-hundred day moving average price of GBX 2,611.92.

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.