Computacenter (LON:CCC) Price Target Raised to GBX 5,300

Computacenter (LON:CCC) had its price objective lifted by Berenberg Bank from GBX 3,450 to GBX 5,300 in a research note released on Monday morning, Marketbeat Ratings reports. The brokerage currently has a buy rating on the stock.

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

Computacenter Stock Down 0.3%

Shares of LON:CCC opened at GBX 4,852 on Monday. The company has a market capitalization of £5.09 billion, a price-to-earnings ratio of 33.35, a P/E/G ratio of 6.99 and a beta of 0.93. The company has a debt-to-equity ratio of 22.53, a current ratio of 1.17 and a quick ratio of 0.94. The business’s 50-day moving average is GBX 4,314.30 and its 200-day moving average is GBX 3,596.99. Computacenter has a 1 year low of GBX 2,092 and a 1 year high of GBX 4,962.

Insiders Place Their Bets

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

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.