Jefferies Financial Group Reiterates "Buy" Rating for Computacenter (LON:CCC)

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 reissued their buy rating on shares of Computacenter (LON:CCC - Free Report) in a research report released on Wednesday morning, Marketbeat reports. Jefferies Financial Group currently has a GBX 3,200 price objective on the stock.

Other analysts have also recently issued research reports about the stock. UBS Group reissued 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 restated a "hold" rating and issued a GBX 2,248 price objective on shares of Computacenter in a report on Monday, July 28th. Two analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat, Computacenter presently has an average rating of "Moderate Buy" and an average price target of GBX 2,775.

Computacenter Price Performance

CCC traded up GBX 57.81 during midday trading on Wednesday, hitting GBX 2,299.81. 131,174 shares of the company traded hands, compared to its average volume of 818,014. The business has a 50 day simple moving average of GBX 2,300.68 and a two-hundred day simple moving average of GBX 2,390.20. The company has a current ratio of 1.31, a quick ratio of 0.95 and a debt-to-equity ratio of 12.47. The company has a market capitalization of £2.41 billion, a price-to-earnings ratio of 1,504.12, a PEG ratio of 6.99 and a beta of 0.71. Computacenter has a 52-week low of GBX 2,020 and a 52-week high of GBX 2,666.20.

Computacenter (LON:CCC - Get Free Report) last posted its quarterly earnings results on Tuesday, September 9th. The company reported GBX 52.80 earnings per share for the quarter. Computacenter had a net margin of 2.64% and a return on equity of 17.61%. On average, equities 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.