Computacenter (LON:CCC) Rating Increased to Buy at Jefferies Financial Group

Computacenter (LON:CCCGet Free Report) was upgraded by equities researchers at Jefferies Financial Group to a “buy” rating in a note issued to investors on Thursday,London Stock Exchange reports. The firm currently has a GBX 5,000 target price on the stock, up from their previous target price of GBX 4,400. Jefferies Financial Group’s price target would suggest a potential upside of 15.05% from the stock’s previous close.

Several other research analysts have also recently weighed in on the stock. Berenberg Bank reaffirmed a “hold” rating and issued a GBX 3,450 price target on shares of Computacenter in a report on Monday, March 16th. JPMorgan Chase & Co. lifted their price objective on Computacenter from GBX 4,000 to GBX 4,500 and gave the company an “overweight” rating in a research note on Friday, May 29th. Three analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. According to data from MarketBeat.com, Computacenter presently has an average rating of “Moderate Buy” and a consensus price target of GBX 4,162.50.

Read Our Latest Report on CCC

Computacenter Stock Performance

LON CCC opened at GBX 4,346 on Thursday. The company’s 50 day simple moving average is GBX 3,989.04 and its two-hundred day simple moving average is GBX 3,388.25. The company has a debt-to-equity ratio of 22.53, a current ratio of 1.17 and a quick ratio of 0.94. Computacenter has a 1 year low of GBX 2,092 and a 1 year high of GBX 4,648. The stock has a market capitalization of £4.56 billion, a PE ratio of 29.87, a P/E/G ratio of 6.99 and a beta of 0.93.

Insider Transactions at Computacenter

In other news, insider Keith Mortimer bought 203 shares of Computacenter stock in a transaction that occurred on Friday, May 8th. The shares were acquired at an average price of GBX 1,772 per share, with a total value of £3,597.16. Company insiders own 43.80% of the company’s stock.

Computacenter Company Profile

(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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