JPMorgan Chase & Co. Forecasts Strong Price Appreciation for Computacenter (LON:CCC) Stock

Computacenter (LON:CCC) had its target price increased by research analysts at JPMorgan Chase & Co. from GBX 4,000 to GBX 4,500 in a research note issued to investors on Friday,Digital Look reports. The firm currently has an “overweight” rating on the stock. JPMorgan Chase & Co.‘s price target suggests a potential upside of 1.86% from the company’s previous close.

Several other research firms have also recently commented on CCC. Jefferies Financial Group reaffirmed a “buy” rating and issued a GBX 4,400 price objective on shares of Computacenter in a research report on Thursday. Berenberg Bank reaffirmed a “hold” rating and issued a GBX 3,450 price objective on shares of Computacenter in a research report on Monday, March 16th. Three investment 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 stock presently has a consensus rating of “Moderate Buy” and a consensus price target of GBX 4,012.50.

Computacenter Stock Up 4.0%

Shares of Computacenter stock opened at GBX 4,418 on Friday. Computacenter has a 1 year low of GBX 2,092 and a 1 year high of GBX 4,448. The business has a 50-day moving average of GBX 3,496.37 and a two-hundred day moving average of GBX 3,203.25. The company has a market capitalization of £4.64 billion, a P/E ratio of 30.36, a price-to-earnings-growth ratio of 6.99 and a beta of 0.90. The company has a debt-to-equity ratio of 22.53, a current ratio of 1.17 and a quick ratio of 0.95.

Computacenter (LON:CCC) last announced its quarterly 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%. As a group, equities analysts predict that Computacenter will post 187.5 EPS for the current year.

Insider Buying and Selling at Computacenter

In other Computacenter news, insider Keith Mortimer purchased 203 shares of the firm’s stock in a transaction dated Friday, May 8th. The stock was bought at an average cost of GBX 1,772 per share, with a total value of £3,597.16. 36.63% of the stock is owned by corporate insiders.

Computacenter Company Profile

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.