Computacenter (LON:CCC) Hits New 52-Week High – Should You Buy?

Shares of Computacenter plc (LON:CCC – Get Free Report) hit a new 52-week high on Monday . The stock traded as high as GBX 4,720 and last traded at GBX 4,714.10, with a volume of 2189056 shares traded. The stock had previously closed at GBX 4,580.

Analyst Ratings Changes

A number of research analysts have recently issued reports on CCC shares. Jefferies Financial Group reiterated a “buy” rating and set a GBX 5,300 target price on shares of Computacenter in a research report on Thursday, July 9th. JPMorgan Chase & Co. raised shares of Computacenter to an “overweight” rating and boosted their price target for the stock from GBX 4,500 to GBX 5,000 in a report on Friday, July 10th. Three analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of GBX 4,362.50.

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Computacenter Stock Performance

The stock has a market cap of £4.98 billion, a price-to-earnings ratio of 32.62, a P/E/G ratio of 6.99 and a beta of 0.93. The firm’s 50-day moving average is GBX 4,263.88 and its two-hundred day moving average is GBX 3,556.78. The company has a current ratio of 1.17, a quick ratio of 0.94 and a debt-to-equity ratio of 22.53.

Insider Buying and Selling

In other Computacenter news, insider Keith Mortimer sold 283 shares of the business’s stock in a transaction that occurred on Thursday, July 16th. The stock was sold at an average price of GBX 4,550, for a total transaction of £12,876.50. Company 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.

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