Computacenter (LON:CCC) Sets New 52-Week High – Time to Buy?

Computacenter plc (LON:CCC) shares hit a new 52-week high during trading on Monday . The company traded as high as GBX 4,720 and last traded at GBX 4,714.10, with a volume of 2189056 shares. The stock had previously closed at GBX 4,580.

Wall Street Analyst Weigh In

Several research analysts recently weighed in on the company. JPMorgan Chase & Co. upgraded Computacenter to an “overweight” rating and lifted their price target for the company from GBX 4,500 to GBX 5,000 in a research report on Friday, July 10th. Jefferies Financial Group restated a “buy” rating and issued a GBX 5,300 price objective on shares of Computacenter in a research report on Thursday, July 9th. Three equities research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of GBX 4,362.50.

Computacenter Stock Performance

The business’s 50-day simple moving average is GBX 4,263.88 and its two-hundred day simple moving average is GBX 3,556.78. The firm has a market cap of £4.98 billion, a price-to-earnings ratio of 32.62, a P/E/G ratio of 6.99 and a beta of 0.93. The company has a quick ratio of 0.94, a current ratio of 1.17 and a debt-to-equity ratio of 22.53.

Insider Activity at Computacenter

In related news, insider Keith Mortimer sold 283 shares of Computacenter stock in a transaction dated Thursday, July 16th. The stock was sold at an average price of GBX 4,550, for a total value of £12,876.50. 43.80% of the stock is owned by company 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.