JPMorgan Chase & Co. Issues Positive Forecast for Computacenter (LON:CCC) Stock Price

Computacenter (LON:CCC) had its price target boosted by JPMorgan Chase & Co. from GBX 4,000 to GBX 4,500 in a research note issued to investors on Friday,Digital Look reports. They currently have an overweight rating on the stock.

CCC has been the topic of several other reports. Berenberg Bank restated a “hold” rating and issued a GBX 3,450 price objective on shares of Computacenter in a research report on Monday, March 16th. Jefferies Financial Group restated a “buy” rating and issued a GBX 4,400 price objective on shares of Computacenter in a research report on Thursday. Three analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of GBX 4,012.50.

Computacenter Price Performance

Shares of Computacenter stock opened at GBX 4,452 on Friday. The stock’s 50-day simple moving average is GBX 3,526.53 and its 200-day simple moving average is GBX 3,211.98. Computacenter has a 52 week low of GBX 2,092 and a 52 week high of GBX 4,498. The company has a market capitalization of £4.67 billion, a price-to-earnings ratio of 30.60, a PEG ratio of 6.99 and a beta of 0.90. The company has a quick ratio of 0.95, a current ratio of 1.17 and a debt-to-equity ratio of 22.53.

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

Insider Transactions at Computacenter

In other news, insider Keith Mortimer acquired 203 shares of the company’s stock in a transaction that occurred on Friday, May 8th. The shares were bought at an average price of GBX 1,772 per share, with a total value of £3,597.16. 36.63% of the stock is currently owned by company insiders.

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.