JPMorgan Chase & Co. Upgrades Computacenter (LON:CCC) to Overweight

Computacenter (LON:CCCGet Free Report) was upgraded by equities researchers at JPMorgan Chase & Co. to an “overweight” rating in a note issued to investors on Friday,London Stock Exchange reports. The brokerage presently has a GBX 5,000 target price on the stock, up from their prior target price of GBX 4,500. JPMorgan Chase & Co.‘s target price would indicate a potential upside of 12.26% from the company’s current price.

A number of other research firms have also recently commented on CCC. Jefferies Financial Group reiterated a “buy” rating and issued a GBX 5,300 price target on shares of Computacenter in a research note on Thursday. 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 equities research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat, Computacenter currently has a consensus rating of “Moderate Buy” and a consensus price target of GBX 4,362.50.

Get Our Latest Stock Analysis on Computacenter

Computacenter Stock Up 0.5%

Computacenter stock opened at GBX 4,454 on Friday. Computacenter has a 1-year low of GBX 2,092 and a 1-year high of GBX 4,702. The business has a fifty day moving average price of GBX 4,178.22 and a 200-day moving average price of GBX 3,488.52. 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 stock has a market capitalization of £4.67 billion, a price-to-earnings ratio of 30.61, a PEG ratio of 6.99 and a beta of 0.93.

Insider Activity

In related news, insider Keith Mortimer acquired 203 shares of the stock in a transaction dated Friday, May 8th. The stock was acquired at an average cost of GBX 1,772 per share, for a total transaction of £3,597.16. Corporate insiders own 43.80% of the company’s stock.

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.

Recommended Stories

Receive News & Ratings for Computacenter Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Computacenter and related companies with MarketBeat.com's FREE daily email newsletter.