Computacenter (LON:CCC) Releases Quarterly Earnings Results

Computacenter (LON:CCC) issued its quarterly earnings data on Tuesday. The company reported GBX 103 earnings per share for the quarter, Digital Look Earnings reports. Computacenter had a net margin of 1.70% and a return on equity of 21.78%.

Computacenter Trading Up 1.8%

LON:CCC traded up GBX 90 during mid-day trading on Friday, reaching GBX 5,220. The company’s stock had a trading volume of 26,012,146 shares, compared to its average volume of 1,665,901. The company has a debt-to-equity ratio of 20.49, a current ratio of 1.10 and a quick ratio of 0.94. The stock has a market cap of £5.48 billion, a P/E ratio of 35.88, a P/E/G ratio of 6.99 and a beta of 0.95. The company’s fifty day simple moving average is GBX 4,925.71 and its two-hundred day simple moving average is GBX 4,093.45. Computacenter has a twelve month low of GBX 2,242 and a twelve month high of GBX 6,045.

Insider Transactions at Computacenter

In related news, insider Kelly Kuhn acquired 1,035 shares of the business’s stock in a transaction dated Friday, July 24th. The shares were acquired at an average cost of GBX 4,836 per share, for a total transaction of £50,052.60. Also, insider Keith Mortimer sold 283 shares of the stock in a transaction dated Thursday, July 16th. The stock was sold at an average price of GBX 4,550, for a total transaction of £12,876.50. Corporate insiders own 43.80% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts recently issued reports on the company. Berenberg Bank upped their target price on Computacenter from GBX 5,300 to GBX 6,500 and gave the company a “buy” rating in a research note on Wednesday. JPMorgan Chase & Co. raised their price target on Computacenter from GBX 5,000 to GBX 6,000 and gave the stock an “overweight” rating in a research report on Monday. Finally, Jefferies Financial Group reissued a “buy” rating and issued a GBX 6,500 price target on shares of Computacenter in a report on Tuesday. Four research analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, the company has a consensus rating of “Buy” and an average price target of GBX 5,675.

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.