JPMorgan Chase & Co. Raises Computacenter (LON:CCC) Price Target to GBX 4,000

Key Points

• JPMorgan raised its price target for Computacenter from GBX 3,500 to GBX 4,000 and retained an "overweight" rating, implying about a 5.15% upside from the prior close.
• The analyst consensus is a Moderate Buy (three Buys, one Hold) with an average price target of GBX 3,712.50, while the stock opened at GBX 3,804, close to its one‑year high of GBX 3,834.

Computacenter (LON:CCC - Get Free Report) had its price objective hoisted by equities researchers at JPMorgan Chase & Co. from GBX 3,500 to GBX 4,000 in a research note issued to investors on Monday,Digital Look reports. The firm currently has an "overweight" rating on the stock. JPMorgan Chase & Co.'s price objective would indicate a potential upside of 5.15% from the stock's previous close.

Several other research firms have also issued reports on CCC. Berenberg Bank reaffirmed a "hold" rating and set a GBX 3,450 price target on shares of Computacenter in a research report on Monday, March 16th. UBS Group reaffirmed a "buy" rating and set a GBX 3,700 price target on shares of Computacenter in a research report on Friday, January 23rd. Finally, Jefferies Financial Group reaffirmed a "buy" rating and set a GBX 3,700 price target on shares of Computacenter in a research report on Friday. Three investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus price target of GBX 3,712.50.

Computacenter Stock Performance

LON CCC opened at GBX 3,804 on Monday. The company has a current ratio of 1.17, a quick ratio of 0.95 and a debt-to-equity ratio of 22.53. The firm's fifty day moving average price is GBX 3,096.06 and its two-hundred day moving average price is GBX 3,010.81. Computacenter has a 1 year low of GBX 2,092 and a 1 year high of GBX 3,834. The firm has a market capitalization of £3.99 billion, a P/E ratio of 26.14, a price-to-earnings-growth ratio of 6.99 and a beta of 0.82.

Computacenter (LON:CCC - Get Free Report) last posted its quarterly earnings results on Thursday, March 12th. The company reported GBX 176.30 earnings per share (EPS) for the quarter. Computacenter had a net margin of 1.79% and a return on equity of 14.84%. As a group, research analysts anticipate that Computacenter will post 187.5 EPS for the current 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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