Computacenter (LON:CCC) Insider Buys £3,597.16 in Stock

Computacenter plc (LON:CCC) insider Keith Mortimer bought 203 shares of the firm’s stock in a transaction dated Friday, May 8th. The stock was acquired at an average cost of GBX 1,772 per share, with a total value of £3,597.16.

Computacenter Stock Up 1.2%

Shares of Computacenter stock traded up GBX 46 during midday trading on Friday, hitting GBX 3,994. The company’s stock had a trading volume of 24,423,092 shares, compared to its average volume of 1,439,508. Computacenter plc has a 1-year low of GBX 2,092 and a 1-year high of GBX 4,000. 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 firm has a market capitalization of £4.19 billion, a P/E ratio of 27.45, a PEG ratio of 6.99 and a beta of 0.90. The stock has a 50-day simple moving average of GBX 3,208.25 and a 200-day simple moving average of GBX 3,066.27.

Computacenter (LON:CCC) last posted its earnings results on Thursday, March 12th. The company reported GBX 176.30 EPS for the quarter. Computacenter had a net margin of 1.79% and a return on equity of 14.84%. As a group, sell-side analysts expect that Computacenter plc will post 187.5 earnings per share for the current year.

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on CCC shares. UBS Group reiterated a “buy” rating and issued a GBX 3,700 target price on shares of Computacenter in a research note on Friday, January 23rd. JPMorgan Chase & Co. raised their price target on shares of Computacenter from GBX 3,500 to GBX 4,000 and gave the stock an “overweight” rating in a research note on Monday, April 27th. Jefferies Financial Group restated a “buy” rating and set a GBX 3,700 price target on shares of Computacenter in a research note on Friday, April 24th. Finally, Berenberg Bank restated a “hold” rating and set a GBX 3,450 price target on shares of Computacenter in a research note on Monday, March 16th. Three research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of GBX 3,712.50.

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.