Computacenter (LON:CCC) Earns Hold Rating from Berenberg Bank

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 reissued by equities researchers at Berenberg Bank in a research report issued to clients and investors on Tuesday, Marketbeat reports. They currently have a GBX 2,425 target price on the stock. Berenberg Bank's target price would indicate a potential upside of 2.47% from the stock's current price.

Other equities research analysts have also issued reports about the stock. Jefferies Financial Group reissued a "buy" rating and set a GBX 3,200 target price on shares of Computacenter in a research note on Wednesday, September 10th. UBS Group restated a "buy" rating and issued a GBX 2,700 target price on shares of Computacenter in a research report on Friday, September 5th. Two equities research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average target price of GBX 2,775.

Computacenter Stock Up 2.9%

CCC stock traded up GBX 66.72 on Tuesday, hitting GBX 2,366.52. 151,009 shares of the company's stock were exchanged, compared to its average volume of 814,267. Computacenter has a 12-month low of GBX 2,020 and a 12-month high of GBX 2,666.20. The firm has a 50 day moving average price of GBX 2,300.68 and a two-hundred day moving average price of GBX 2,391.81. The company has a debt-to-equity ratio of 12.47, a quick ratio of 0.95 and a current ratio of 1.31. The stock has a market cap of £2.48 billion, a P/E ratio of 1,547.76, a price-to-earnings-growth ratio of 6.99 and a beta of 0.71.

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

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.