Computacenter (LON:CCC) Given "Buy" Rating at UBS Group

Key Points

• Computacenter's stock received a "buy" rating from UBS Group, with a price objective of GBX 2,700, indicating a potential upside of 15.88% from its current price.
• Berenberg Bank has reiterated a "hold" rating for the stock, setting a lower price target of GBX 2,248.
• Currently, Computacenter has a consensus rating of "Moderate Buy" and a higher consensus price target of GBX 2,782.67 according to MarketBeat.com.

UBS Group restated their buy rating on shares of Computacenter (LON:CCC - Free Report) in a report released on Friday, MarketBeat reports. UBS Group currently has a GBX 2,700 price target on the stock.

Separately, Berenberg Bank reaffirmed a "hold" rating and set a GBX 2,248 target price on shares of Computacenter in a research note on Monday, July 28th. Two investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company's stock. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus price target of GBX 2,782.67.

Computacenter Trading Down 1.3%

Shares of CCC traded down GBX 30 during mid-day trading on Friday, reaching GBX 2,294. 7,120,616 shares of the company were exchanged, compared to its average volume of 835,001. Computacenter has a 52 week low of GBX 2,020 and a 52 week high of GBX 2,698. 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 capitalization of £2.41 billion, a PE ratio of 1,500.33, a PEG ratio of 6.99 and a beta of 0.71. The business has a 50 day simple moving average of GBX 2,302.80 and a two-hundred day simple moving average of GBX 2,387.24.

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.