Computacenter (LON:CCC) Reaches New 1-Year High – What’s Next?

Shares of Computacenter plc (LON:CCC – Get Free Report) hit a new 52-week high on Thursday . The company traded as high as GBX 4,702 and last traded at GBX 4,554, with a volume of 1148353 shares changing hands. The stock had previously closed at GBX 4,136.

Wall Street Analyst Weigh In

Several research analysts have commented on the company. Jefferies Financial Group raised Computacenter to a “buy” rating and raised their price objective for the company from GBX 4,400 to GBX 5,000 in a research report on Thursday, June 25th. JPMorgan Chase & Co. increased their target price on shares of Computacenter from GBX 4,000 to GBX 4,500 and gave the stock an “overweight” rating in a report on Friday, May 29th. Finally, Berenberg Bank reiterated a “hold” rating and issued a GBX 3,450 price objective on shares of Computacenter in a research report on Monday, March 16th. Three analysts have rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. Based on data from MarketBeat, Computacenter currently has a consensus rating of “Moderate Buy” and a consensus target price of GBX 4,162.50.

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Computacenter Trading Up 11.1%

The company has a 50 day simple moving average of GBX 4,165.04 and a two-hundred day simple moving average of GBX 3,478.26. The company has a debt-to-equity ratio of 22.53, a quick ratio of 0.94 and a current ratio of 1.17. The company has a market cap of £4.82 billion, a PE ratio of 31.59, a PEG ratio of 6.99 and a beta of 0.93.

Insider Buying and Selling

In other Computacenter news, insider Keith Mortimer bought 203 shares of the stock in a transaction on Friday, May 8th. The shares were purchased at an average cost of GBX 1,772 per share, with a total value of £3,597.16. 43.80% of the stock is owned by insiders.

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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