JPMorgan Chase & Co. Forecasts Strong Price Appreciation for Computacenter (LON:CCC) Stock

Computacenter (LON:CCC) had its price target raised by stock analysts at JPMorgan Chase & Co. from GBX 3,300 to GBX 3,500 in a research report issued to clients and investors on Friday, MarketBeat Ratings reports. The firm currently has an “overweight” rating on the stock. JPMorgan Chase & Co.‘s price objective points to a potential upside of 4.59% from the company’s previous close.

Separately, Jefferies Financial Group increased their price target on Computacenter from GBX 3,300 to GBX 3,800 and gave the stock a “buy” rating in a research note on Wednesday, January 14th. Three research analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of GBX 3,356.25.

Computacenter Price Performance

Shares of CCC opened at GBX 3,346.36 on Friday. 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 company’s fifty day moving average price is GBX 3,011.97 and its 200-day moving average price is GBX 2,672.06. Computacenter has a 1-year low of GBX 2,062 and a 1-year high of GBX 3,410. The firm has a market capitalization of £3.51 billion, a PE ratio of 22.84, a price-to-earnings-growth ratio of 6.99 and a beta of 0.71.

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.

Computacenter is a public company quoted on the London FTSE 250 (CCC.L) and employs over 20,000 people worldwide.