Computacenter (LON:CCC) Receives "Buy" Rating from Jefferies Financial Group

Key Points

• Jefferies Financial Group has reiterated its "Buy" rating for Computacenter (CCC) with a price target of GBX 3,200, indicating a potential upside of 34.34%.
• UBS Group also maintains a "Buy" rating with a target price of GBX 2,700, while Berenberg Bank has a "Hold" rating with a target of GBX 2,248.
• Computacenter's stock is performing well, with a current price of GBX 2,382 and a market capitalization of £2.50 billion.

Jefferies Financial Group reaffirmed their buy rating on shares of Computacenter (LON:CCC - Free Report) in a research report sent to investors on Wednesday morning, MarketBeat.com reports. The firm currently has a GBX 3,200 target price on the stock.

CCC has been the topic of several other reports. UBS Group reaffirmed a "buy" rating and issued a GBX 2,700 price target on shares of Computacenter in a research note on Friday, September 5th. Berenberg Bank reiterated a "hold" rating and set a GBX 2,248 price target on shares of Computacenter in a report on Monday, July 28th. Two equities research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. According to MarketBeat, Computacenter has an average rating of "Moderate Buy" and a consensus target price of GBX 2,775.

Computacenter Price Performance

CCC traded up GBX 66.72 during trading on Wednesday, reaching GBX 2,366.52. 151,009 shares of the company were exchanged, compared to its average volume of 814,267. The company's 50-day moving average is GBX 2,300.68 and its two-hundred day moving average is GBX 2,391.81. The company has a market cap of £2.48 billion, a price-to-earnings ratio of 1,547.76, a P/E/G ratio of 6.99 and a beta of 0.71. The company has a quick ratio of 0.95, a current ratio of 1.31 and a debt-to-equity ratio of 12.47. Computacenter has a 12-month low of GBX 2,020 and a 12-month high of GBX 2,666.20.

Computacenter (LON:CCC - Get Free Report) last announced its quarterly earnings results on Tuesday, September 9th. The company reported GBX 52.80 earnings per share (EPS) for the quarter. Computacenter had a net margin of 2.64% and a return on equity of 17.61%. Research analysts forecast that Computacenter will post 187.5 earnings per share 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.