Computacenter (LON:CCC) Stock Price Up 10.7% – Should You Buy?

Computacenter plc (LON:CCC) rose 10.7% on Monday. The company traded as high as GBX 5,115 and last traded at GBX 5,110. Approximately 1,313,958 shares changed hands during mid-day trading, a decline of 18% from the average daily volume of 1,594,597 shares. The stock had previously closed at GBX 4,618.

Analyst Upgrades and Downgrades

CCC has been the subject of a number of research reports. Berenberg Bank lifted their price objective on shares of Computacenter from GBX 5,300 to GBX 6,500 and gave the stock a “buy” rating in a report on Wednesday, September 9th. Jefferies Financial Group reissued a “buy” rating and set a GBX 6,500 target price on shares of Computacenter in a report on Tuesday, September 8th. Finally, JPMorgan Chase & Co. raised their price target on shares of Computacenter from GBX 5,000 to GBX 6,000 and gave the stock an “overweight” rating in a research report on Monday, September 7th. Four equities research analysts have rated the stock with a Buy rating. According to data from MarketBeat, the company has an average rating of “Buy” and a consensus price target of GBX 5,675.

Computacenter Stock Up 10.8%

The firm’s 50 day simple moving average is GBX 5,302.69 and its 200 day simple moving average is GBX 4,583.47. The company has a market cap of £5.37 billion, a price-to-earnings ratio of 26.42, a price-to-earnings-growth ratio of 6.99 and a beta of 0.95. The company has a quick ratio of 0.94, a current ratio of 1.10 and a debt-to-equity ratio of 20.49.

Computacenter (LON:CCC) last released its quarterly earnings results on Tuesday, September 8th. The company reported GBX 103 earnings per share (EPS) for the quarter. Computacenter had a return on equity of 21.78% and a net margin of 1.70%. Sell-side analysts anticipate that Computacenter plc will post 187.50 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, insider Keith Mortimer sold 181 shares of Computacenter stock in a transaction that occurred on Friday, July 31st. The shares were sold at an average price of GBX 4,608, for a total value of £8,340.48. 43.80% of the stock is owned by corporate insiders.

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.