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

Key Points

• Jefferies reaffirmed a Buy rating on Computacenter with a GBX 3,700 target price, implying about a 2.43% downside from the stock's previous close.
• Analyst consensus is a Moderate Buy (three Buys, one Hold) with an average price target of GBX 3,587.50, which is below the current trading level.
• Shares jumped to GBX 3,792 on heavy volume (10.25M vs. avg 1.13M), trading near a 52-week high of GBX 3,828; the stock has a market cap of £3.98B, a P/E of 26.06, and reported quarterly EPS of GBX 176.30 with analysts forecasting FY EPS of 187.5.

Computacenter (LON:CCC - Get Free Report)'s stock had its "buy" rating restated by Jefferies Financial Group in a research note issued on Friday,London Stock Exchange reports. They currently have a GBX 3,700 target price on the stock. Jefferies Financial Group's price objective would indicate a potential downside of 2.43% from the stock's previous close.

Other analysts have also issued research reports about the company. JPMorgan Chase & Co. increased their price objective on Computacenter from GBX 3,300 to GBX 3,500 and gave the company an "overweight" rating in a research note on Friday, January 23rd. Berenberg Bank reaffirmed a "hold" rating and set a GBX 3,450 price objective on shares of Computacenter in a research note on Monday, March 16th. Finally, UBS Group reaffirmed a "buy" rating and set a GBX 3,700 price objective on shares of Computacenter in a research note on Friday, January 23rd. Three investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to MarketBeat.com, Computacenter currently has an average rating of "Moderate Buy" and an average price target of GBX 3,587.50.

Computacenter Price Performance

Shares of CCC traded up GBX 450 during trading hours on Friday, reaching GBX 3,792. 10,254,778 shares of the company traded hands, compared to its average volume of 1,129,640. The company has a quick ratio of 0.95, a current ratio of 1.17 and a debt-to-equity ratio of 22.53. The stock has a market capitalization of £3.98 billion, a PE ratio of 26.06, a price-to-earnings-growth ratio of 6.99 and a beta of 0.82. Computacenter has a fifty-two week low of GBX 2,092 and a fifty-two week high of GBX 3,828. The stock has a fifty day simple moving average of GBX 3,078.82 and a 200 day simple moving average of GBX 3,000.46.

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 return on equity of 14.84% and a net margin of 1.79%. As a group, research analysts predict that Computacenter 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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