Computacenter (LON:CCC) Stock Price Expected to Rise, Berenberg Bank Analyst Says

Computacenter (LON:CCCGet Free Report) had its target price hoisted by investment analysts at Berenberg Bank from GBX 3,450 to GBX 5,300 in a report issued on Monday, MarketBeat reports. The brokerage currently has a “buy” rating on the stock. Berenberg Bank’s target price indicates a potential upside of 8.92% from the stock’s previous close.

Several other brokerages have also recently weighed in on CCC. Jefferies Financial Group reissued a “buy” rating and issued a GBX 5,300 price target on shares of Computacenter in a research note on Thursday, July 9th. JPMorgan Chase & Co. upgraded Computacenter to an “overweight” rating and upped their target price for the company from GBX 4,500 to GBX 5,000 in a report on Friday, July 10th. Four research analysts have rated the stock with a Buy rating, Based on data from MarketBeat, the company presently has a consensus rating of “Buy” and a consensus target price of GBX 4,825.

Check Out Our Latest Stock Analysis on Computacenter

Computacenter Stock Up 0.7%

Shares of LON:CCC opened at GBX 4,866 on Monday. The firm has a market cap of £5.11 billion, a P/E ratio of 33.44, a P/E/G ratio of 6.99 and a beta of 0.93. Computacenter has a 12-month low of GBX 2,092 and a 12-month high of GBX 4,934. The business has a fifty day simple moving average of GBX 4,297.28 and a 200 day simple moving average of GBX 3,583.48. 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 Buying and Selling

In other Computacenter news, insider Keith Mortimer sold 283 shares of the company’s stock in a transaction on Thursday, July 16th. The shares were sold at an average price of GBX 4,550, for a total transaction of £12,876.50. Company insiders own 43.80% of the company’s stock.

Computacenter Company Profile

(Get Free Report)

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.

Further Reading

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