Raymond Gray Sells 1,529 Shares of Computacenter plc (CCC) Stock

Computacenter plc (LON:CCC) insider Raymond Gray sold 1,529 shares of the company’s stock in a transaction dated Monday, April 15th. The shares were sold at an average price of GBX 1,060 ($13.85), for a total transaction of £16,207.40 ($21,177.84).

Shares of LON:CCC opened at GBX 1,076 ($14.06) on Wednesday. The stock has a market cap of $1.22 billion and a PE ratio of 15.35. The company has a quick ratio of 1.10, a current ratio of 1.23 and a debt-to-equity ratio of 31.97. Computacenter plc has a 12 month low of GBX 936 ($12.23) and a 12 month high of GBX 1,632 ($21.32).

The company also recently disclosed a dividend, which will be paid on Friday, June 28th. Stockholders of record on Thursday, May 30th will be paid a dividend of GBX 21.60 ($0.28) per share. This represents a dividend yield of 1.82%. This is an increase from Computacenter’s previous dividend of $8.70. The ex-dividend date is Thursday, May 30th. Computacenter’s dividend payout ratio is 0.43%.

CCC has been the subject of several analyst reports. Barclays cut their price target on shares of Computacenter from GBX 1,000 ($13.07) to GBX 940 ($12.28) and set an “underweight” rating for the company in a research report on Wednesday, January 9th. UBS Group lowered their price objective on shares of Computacenter from GBX 1,285 ($16.79) to GBX 1,080 ($14.11) and set a “neutral” rating for the company in a research note on Friday, January 11th. Credit Suisse Group lowered their price objective on shares of Computacenter from GBX 1,427 ($18.65) to GBX 1,300 ($16.99) and set an “outperform” rating for the company in a research note on Wednesday, March 13th. Finally, Berenberg Bank lowered their price objective on shares of Computacenter from GBX 1,600 ($20.91) to GBX 1,400 ($18.29) and set a “buy” rating for the company in a research note on Monday, March 25th.

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About Computacenter

Computacenter plc, through its subsidiaries, provides information technology (IT) infrastructure services in the United Kingdom, Germany, France, and Belgium. The company offers information security, and identity and access management solutions, as well as endpoint, infrastructure, and cyber security solutions; network solutions, including local area and datacenter network, and physical infrastructure; and datacenter solutions, such as enterprise computing, hybrid cloud, data and storage management, and analytics and big data.

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