Computacenter (LON:CCC) Reaches New 1-Year High on Analyst Upgrade

Key Points

• Computacenter stock hit a new 52-week high (GBX 3,834) after JPMorgan raised its price target from GBX 3,500 to GBX 4,000 and kept an overweight rating; shares last traded around GBX 3,800 on notable volume.
• Analyst sentiment is a Moderate Buy (three Buy, one Hold) with a consensus price target of GBX 3,712.50, which remains below JPMorgan's upgraded target.
• Key fundamentals: market cap £3.99 billion, P/E 26.12, recent quarterly EPS GBX 176.30 and expected full-year EPS of 187.5.

Computacenter plc (LON:CCC - Get Free Report)'s stock price hit a new 52-week high during trading on Monday after JPMorgan Chase & Co. raised their price target on the stock from GBX 3,500 to GBX 4,000. JPMorgan Chase & Co. currently has an overweight rating on the stock. Computacenter traded as high as GBX 3,834 and last traded at GBX 3,800, with a volume of 171133 shares trading hands. The stock had previously closed at GBX 3,792.

CCC has been the subject of several other reports. UBS Group restated a "buy" rating and issued a GBX 3,700 price target on shares of Computacenter in a research report on Friday, January 23rd. Berenberg Bank reissued a "hold" rating and issued a GBX 3,450 price objective on shares of Computacenter in a research note on Monday, March 16th. Finally, Jefferies Financial Group restated a "buy" rating and issued a GBX 3,700 price objective on shares of Computacenter in a report on Friday. Three investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus price target of GBX 3,712.50.

Computacenter Trading Up 0.2%

The stock has a market cap of £3.99 billion, a P/E ratio of 26.12, a price-to-earnings-growth ratio of 6.99 and a beta of 0.82. The company has a debt-to-equity ratio of 22.53, a quick ratio of 0.95 and a current ratio of 1.17. The firm's fifty day simple moving average is GBX 3,096.06 and its 200-day simple moving average is GBX 3,010.81.

Computacenter (LON:CCC - Get Free Report) last posted its quarterly earnings data on Thursday, March 12th. The company reported GBX 176.30 EPS for the quarter. Computacenter had a net margin of 1.79% and a return on equity of 14.84%. Equities research analysts expect that Computacenter plc 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. Computacenter is a public company quoted on the London FTSE 250 (CCC.L) and employs over 20,000 people worldwide.

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