Berenberg Bank Reiterates "Hold" Rating for Computacenter (LON:CCC)

Key Points

• Berenberg Bank has restated its hold rating on Computacenter with a price target of GBX 2,425, suggesting a potential upside of 1.81% from its current price.
• Other analysts like UBS Group and Jefferies Financial Group have given Computacenter buy ratings with target prices set at GBX 2,700 and GBX 3,200 respectively.
• Computacenter reported GBX 52.80 earnings per share for the last quarter, with a projected annual EPS of 187.5, indicating a net margin of 2.64% and a return on equity of 17.61%.

Computacenter (LON:CCC - Get Free Report)'s stock had its "hold" rating restated by equities research analysts at Berenberg Bank in a research report issued on Tuesday, Marketbeat.com reports. They presently have a GBX 2,425 target price on the stock. Berenberg Bank's price target would indicate a potential upside of 5.44% from the stock's current price.

CCC has been the topic of several other reports. Jefferies Financial Group reissued a "buy" rating and issued a GBX 3,200 price target on shares of Computacenter in a research note on Wednesday. UBS Group reissued a "buy" rating and issued a GBX 2,700 price target on shares of Computacenter in a research note on Friday, September 5th. Two research analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average target price of GBX 2,775.

Computacenter Trading Up 2.6%

Shares of Computacenter stock traded up GBX 57.81 during midday trading on Tuesday, reaching GBX 2,299.81. The company had a trading volume of 131,174 shares, compared to its average volume of 818,014. The stock has a fifty day moving average price of GBX 2,300.68 and a 200 day moving average price of GBX 2,390.20. The company has a debt-to-equity ratio of 12.47, a current ratio of 1.31 and a quick ratio of 0.95. The firm has a market cap of £2.41 billion, a PE ratio of 1,504.12, a P/E/G ratio of 6.99 and a beta of 0.71. Computacenter has a fifty-two week low of GBX 2,020 and a fifty-two week high of GBX 2,666.20.

Computacenter (LON:CCC - Get Free Report) last posted its quarterly earnings data on Tuesday, September 9th. The company reported GBX 52.80 EPS for the quarter. Computacenter had a return on equity of 17.61% and a net margin of 2.64%. On average, equities analysts anticipate that Computacenter will post 187.5 earnings per share for the current year.

Computacenter Company Profile

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.