Computacenter (LON:CCC) Upgraded by JPMorgan Chase & Co. to Overweight Rating

JPMorgan Chase & Co. upgraded shares of Computacenter (LON:CCC) to an overweight rating in a report issued on Friday, MarketBeat reports. They currently have GBX 5,000 price target on the stock, up from their prior price target of GBX 4,500.

Several other research firms also recently commented on CCC. Berenberg Bank reissued a “hold” rating and issued a GBX 3,450 target price on shares of Computacenter in a report on Monday, March 16th. Jefferies Financial Group reiterated a “buy” rating and issued a GBX 5,300 price target on shares of Computacenter in a report on Thursday. Three equities research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of GBX 4,362.50.

Computacenter Trading Up 0.5%

CCC stock opened at GBX 4,454 on Friday. The company has a debt-to-equity ratio of 22.53, a current ratio of 1.17 and a quick ratio of 0.94. Computacenter has a 1-year low of GBX 2,092 and a 1-year high of GBX 4,702. The business has a 50 day simple moving average of GBX 4,191.72 and a two-hundred day simple moving average of GBX 3,495.27. The company has a market capitalization of £4.67 billion, a price-to-earnings ratio of 30.61, a PEG ratio of 6.99 and a beta of 0.93.

Insiders Place Their Bets

In other Computacenter news, insider Keith Mortimer purchased 203 shares of the firm’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. Corporate insiders own 43.80% of the company’s stock.

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.