Computacenter (LON:CCC) Receives "Hold" Rating from Berenberg Bank

Key Points

• Berenberg Bank has reaffirmed a hold rating on Computacenter (LON:CCC), setting a price objective of GBX 2,248 ($30.03), indicating a potential downside of 0.09% from the previous close.
• Computacenter's shares opened at GBX 2,250 ($30.06) with a market capitalization of £2.39 billion, and a price-to-earnings ratio of 15.06.
• Insider Michael J. Norris sold 2,967 shares for a total value of £75,480.48 ($100,842.32), with insiders currently owning 36.41% of the stock.

Computacenter (LON:CCC - Get Free Report)'s stock had its "hold" rating restated by investment analysts at Berenberg Bank in a research note issued to investors on Monday, Marketbeat.com reports. They presently have a GBX 2,248 ($29.84) price objective on the stock. Berenberg Bank's price target indicates a potential downside of 2.18% from the stock's current price.

Computacenter Stock Performance

CCC traded up GBX 2.11 ($0.03) on Monday, reaching GBX 2,298.11 ($30.50). The company had a trading volume of 423,144 shares, compared to its average volume of 892,381. Computacenter has a fifty-two week low of GBX 2,020 ($26.81) and a fifty-two week high of GBX 2,814 ($37.35). The stock has a market cap of £2.44 billion, a P/E ratio of 15.38, a P/E/G ratio of 6.99 and a beta of 0.71. The company's fifty day moving average is GBX 2,422.91 and its 200 day moving average is GBX 2,361.85. The company has a debt-to-equity ratio of 12.47, a quick ratio of 0.95 and a current ratio of 1.31.

Insider Activity

In other Computacenter news, insider Michael J. Norris sold 2,967 shares of the stock in a transaction that occurred on Friday, May 9th. The shares were sold at an average price of GBX 2,544 ($33.77), for a total transaction of £75,480.48 ($100,186.46). 36.41% of the stock is currently owned by 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.