Computacenter (LON:CCC) Reaches New 1-Year High – Still a Buy?

Computacenter plc (LON:CCCGet Free Report) shares hit a new 52-week high during mid-day trading on Tuesday . The company traded as high as GBX 3,414 and last traded at GBX 3,406, with a volume of 222106 shares traded. The stock had previously closed at GBX 3,398.

Analyst Upgrades and Downgrades

CCC has been the topic of a number of recent analyst reports. JPMorgan Chase & Co. raised their target price on Computacenter from GBX 3,300 to GBX 3,500 and gave the stock an “overweight” rating in a report on Friday, January 23rd. UBS Group restated a “buy” rating and set a GBX 3,700 target price on shares of Computacenter in a report on Friday, January 23rd. Berenberg Bank restated a “hold” rating and set a GBX 3,450 target price on shares of Computacenter in a report on Monday, March 16th. Finally, Jefferies Financial Group raised their target price on Computacenter from GBX 3,300 to GBX 3,800 and gave the stock a “buy” rating in a report on Wednesday, January 14th. Three equities research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of GBX 3,612.50.

Check Out Our Latest Research Report on Computacenter

Computacenter Stock Performance

The company has a quick ratio of 0.95, a current ratio of 1.17 and a debt-to-equity ratio of 22.53. The stock has a market cap of £3.52 billion, a P/E ratio of 23.09, a PEG ratio of 6.99 and a beta of 0.82. The stock has a fifty day simple moving average of GBX 3,069.86 and a 200-day simple moving average of GBX 2,998.08.

Computacenter (LON:CCCGet Free Report) last issued its earnings results on Thursday, March 12th. The company reported GBX 176.30 earnings per share (EPS) for the quarter. Computacenter had a return on equity of 14.84% and a net margin of 1.79%. Equities analysts expect that Computacenter plc will post 187.5 earnings per share for the current fiscal year.

About Computacenter

(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.

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