Computacenter (LON:CCC) Reaches New 1-Year High – What’s Next?

Computacenter plc (LON:CCC) shares hit a new 52-week high during trading on Thursday . The stock traded as high as GBX 4,248 and last traded at GBX 4,218, with a volume of 109364 shares trading hands. The stock had previously closed at GBX 4,218.

Analysts Set New Price Targets

Several equities analysts recently weighed in on CCC shares. Jefferies Financial Group reaffirmed a “buy” rating and issued a GBX 4,400 price target on shares of Computacenter in a research report on Thursday. Berenberg Bank reaffirmed a “hold” rating and issued a GBX 3,450 price target on shares of Computacenter in a report on Monday, March 16th. Finally, JPMorgan Chase & Co. lifted their price target on shares of Computacenter from GBX 4,000 to GBX 4,500 and gave the stock an “overweight” rating in a report on Friday. Three analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. Based on data from MarketBeat.com, Computacenter currently has a consensus rating of “Moderate Buy” and a consensus price target of GBX 4,012.50.

Computacenter Price Performance

The company has a debt-to-equity ratio of 22.53, a current ratio of 1.17 and a quick ratio of 0.95. The firm’s 50 day simple moving average is GBX 3,526.53 and its two-hundred day simple moving average is GBX 3,211.98. The firm has a market capitalization of £4.67 billion, a P/E ratio of 30.60, a P/E/G ratio of 6.99 and a beta of 0.90.

Computacenter (LON:CCC) last issued its quarterly earnings data on Thursday, March 12th. The company reported GBX 176.30 EPS for the quarter. Computacenter had a net margin of 1.79% and a return on equity of 14.84%. As a group, analysts predict that Computacenter plc will post 187.5 earnings per share for the current year.

Insider Activity

In related news, insider Keith Mortimer purchased 203 shares of Computacenter stock in a transaction that occurred on Friday, May 8th. The shares were bought at an average price of GBX 1,772 per share, for a total transaction of £3,597.16. 36.63% of the stock is owned by corporate insiders.

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.