Computacenter (LON:CCC) Given "Hold" Rating at Berenberg Bank

Key Points

• Berenberg Bank reiterated a "Hold" rating on Computacenter with a GBX 3,450 price target, implying roughly a 17.3% upside from the current share level.
• Other brokers are more positive—UBS and Jefferies have "Buy" ratings (targets GBX 3,700 and 3,800), JPMorgan is "Overweight" (GBX 3,500)—and the consensus is a Moderate Buy with an average target of GBX 3,612.50.
• Shares were trading around GBX 2,942 on high volume (~8.5M), with a market cap of £3.09bn, a PE of 20.08 and last quarter EPS of GBX 176.30; the 1‑year range is GBX 2,072–3,410.

Computacenter (LON:CCC - Get Free Report)'s stock had its "hold" rating reiterated by Berenberg Bank in a report issued on Monday,London Stock Exchange reports. They currently have a GBX 3,450 price objective on the stock. Berenberg Bank's target price points to a potential upside of 17.27% from the stock's current price.

CCC has been the subject of a number of other research reports. UBS Group reissued a "buy" rating and set a GBX 3,700 target price on shares of Computacenter in a research report on Friday, January 23rd. JPMorgan Chase & Co. lifted their target price on shares of Computacenter from GBX 3,300 to GBX 3,500 and gave the stock an "overweight" rating in a research note on Friday, January 23rd. Finally, Jefferies Financial Group upped their price target on shares of Computacenter from GBX 3,300 to GBX 3,800 and gave the company a "buy" rating in a research report on Wednesday, January 14th. Three research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company's stock. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average target price of GBX 3,612.50.

Computacenter Stock Performance

Computacenter stock remained flat at GBX 2,942 during midday trading on Monday. The company's stock had a trading volume of 8,506,954 shares, compared to its average volume of 1,297,049. The company has a current ratio of 1.17, a quick ratio of 0.95 and a debt-to-equity ratio of 22.53. The firm has a market cap of £3.09 billion, a PE ratio of 20.08, a PEG ratio of 6.99 and a beta of 0.85. Computacenter has a 1 year low of GBX 2,072 and a 1 year high of GBX 3,410. The firm's 50 day moving average is GBX 3,126.42 and its 200-day moving average is GBX 2,888.41.

Computacenter (LON:CCC - Get Free Report) last posted its quarterly earnings results on Thursday, March 12th. The company reported GBX 176.30 earnings per share for the quarter. Computacenter had a net margin of 1.79% and a return on equity of 14.84%. As a group, research analysts predict that Computacenter will post 187.5 EPS for the current fiscal 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. Computacenter is a public company quoted on the London FTSE 250 (CCC.L) and employs over 20,000 people worldwide.

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