Computacenter (LON:CCC) Trading Up 9.9% - What's Next?

Key Points

• Computacenter shares rose 9.9% to GBX 3,674 on Friday (intraday high GBX 3,692) on lighter volume of ~407,242 shares, down about 59% from the average daily volume.
• Several analysts raised targets — Jefferies to GBX 3,800, UBS to GBX 3,700 and JPMorgan to GBX 3,500 — leaving a consensus rating of Moderate Buy with an average target of GBX 3,612.50.
• The stock trades at a P/E of 25.31 with a market cap of £3.86bn; last quarter EPS was GBX 176.30 and analysts forecast FY EPS of 187.5.

Computacenter plc (LON:CCC - Get Free Report) rose 9.9% during trading on Friday . The company traded as high as GBX 3,692 and last traded at GBX 3,674. Approximately 407,242 shares traded hands during mid-day trading, a decline of 59% from the average daily volume of 1,004,988 shares. The stock had previously closed at GBX 3,342.

Analysts Set New Price Targets

Several equities research analysts have issued reports on CCC shares. JPMorgan Chase & Co. boosted their price target on shares of Computacenter from GBX 3,300 to GBX 3,500 and gave the company an "overweight" rating in a report on Friday, January 23rd. Jefferies Financial Group lifted their target price 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. UBS Group reissued a "buy" rating and issued a GBX 3,700 price target on shares of Computacenter in a research report on Friday, January 23rd. Finally, Berenberg Bank restated a "hold" rating and set a GBX 3,450 price target on shares of Computacenter in a research note on Monday, March 16th. Three analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat, Computacenter has a consensus rating of "Moderate Buy" and an average target price of GBX 3,612.50.

Computacenter Price Performance

The stock has a market capitalization of £3.86 billion, a P/E ratio of 25.31, a PEG ratio of 6.99 and a beta of 0.82. The company has a debt-to-equity ratio of 22.53, a current ratio of 1.17 and a quick ratio of 0.95. The company's 50 day simple moving average is GBX 3,078.82 and its two-hundred day simple moving average is GBX 3,000.46.

Computacenter (LON:CCC - Get Free Report) last released its quarterly earnings results on Thursday, March 12th. The company reported GBX 176.30 earnings per share for the quarter. Computacenter had a return on equity of 14.84% and a net margin of 1.79%. As a group, equities analysts expect that Computacenter plc 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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