Computacenter (LON:CCC) Hits New 12-Month High After Analyst Upgrade

Key Points

• Computacenter reached a new 52-week high after JPMorgan raised its price target from GBX 5,000 to GBX 6,000 and maintained an overweight rating. Shares reached GBX 6,045 and last traded at GBX 5,900.
• Analyst sentiment remains positive: four analysts rate the stock a Buy, with a consensus price target of GBX 5,075, according to MarketBeat.
• Insiders own 43.8% of the company; recent activity included an insider purchase of 1,035 shares and a sale of 181 shares. Computacenter reported quarterly earnings of GBX 103 per share, while analysts expect GBX 187.5 for the full fiscal year.

Computacenter plc (LON:CCC - Get Free Report) reached a new 52-week high during trading on Tuesday after JPMorgan Chase & Co. raised their price target on the stock from GBX 5,000 to GBX 6,000. JPMorgan Chase & Co. currently has an overweight rating on the stock. Computacenter traded as high as GBX 6,045 and last traded at GBX 5,900, with a volume of 1016713 shares trading hands. The stock had previously closed at GBX 5,600.

A number of other analysts have also recently issued reports on the company. Jefferies Financial Group reaffirmed a "buy" rating and issued a GBX 5,300 price objective on shares of Computacenter in a research report on Thursday, July 9th. Berenberg Bank increased their price target on Computacenter from GBX 3,450 to GBX 5,300 and gave the company a "buy" rating in a research note on Monday, July 20th. Four equities research analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, the stock presently has a consensus rating of "Buy" and a consensus price target of GBX 5,075.

Insider Activity at Computacenter

In other news, insider Kelly Kuhn purchased 1,035 shares of the company's stock in a transaction that occurred on Friday, July 24th. The stock was acquired at an average cost of GBX 4,836 per share, with a total value of £50,052.60. Also, insider Keith Mortimer sold 181 shares of the business's stock in a transaction on Friday, July 31st. The shares were sold at an average price of GBX 4,608, for a total value of £8,340.48. Company insiders own 43.80% of the company's stock.

Computacenter Price Performance

The firm has a market capitalization of £6.05 billion, a price-to-earnings ratio of 39.62, a P/E/G ratio of 6.99 and a beta of 0.95. The company's 50 day moving average is GBX 4,859.65 and its 200 day moving average is GBX 4,041.23. The company has a quick ratio of 0.94, a current ratio of 1.17 and a debt-to-equity ratio of 22.53.

Computacenter (LON:CCC - Get Free Report) last issued its quarterly earnings data on Tuesday, September 8th. The company reported GBX 103 earnings per share for the quarter. Computacenter had a net margin of 1.79% and a return on equity of 14.84%. On average, equities research analysts anticipate that Computacenter plc 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. Computacenter is a public company quoted on the London FTSE 250 (CCC.L) and employs over 20,000 people worldwide.

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