Computacenter (LON:CCC) Sets New 12-Month High - Should You Buy?

Key Points

• Computacenter plc shares reached a new **52-week high** of GBX 2,706 ($36.35) during trading, closing at GBX 2,652.91 ($35.63).
• Brokerages have issued mixed ratings, with Jefferies Financial Group and UBS maintaining a **"buy" rating**, setting price targets of GBX 3,200 and GBX 2,700 respectively.
• The company reported **earnings per share** of GBX 52.80 for the last quarter, with projections for **187.5 earnings per share** for the current year.

Computacenter plc (LON:CCC - Get Free Report) shares hit a new 52-week high during trading on Tuesday . The company traded as high as GBX 2,706 ($36.35) and last traded at GBX 2,652.91 ($35.63), with a volume of 3299 shares traded. The stock had previously closed at GBX 2,640 ($35.46).

Analyst Upgrades and Downgrades

A number of brokerages have commented on CCC. Jefferies Financial Group reaffirmed a "buy" rating and set a GBX 3,200 price target on shares of Computacenter in a research report on Wednesday, September 10th. UBS Group reaffirmed a "buy" rating and set a GBX 2,700 price target on shares of Computacenter in a research report on Friday, September 5th. Finally, Berenberg Bank reaffirmed a "hold" rating and set a GBX 2,425 price target on shares of Computacenter in a research report on Tuesday, September 9th. Two research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat, Computacenter presently has a consensus rating of "Moderate Buy" and an average target price of GBX 2,775.

Computacenter Price Performance

The stock has a 50 day simple moving average of GBX 2,346.10 and a two-hundred day simple moving average of GBX 2,407.21. The firm has a market cap of £2.79 billion, a PE ratio of 1,737.87, a price-to-earnings-growth ratio of 6.99 and a beta of 0.71. The company has a debt-to-equity ratio of 12.47, a quick ratio of 0.95 and a current ratio of 1.31.

Computacenter (LON:CCC - Get Free Report) last released its quarterly earnings data 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%. Sell-side analysts expect that Computacenter plc 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.

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