Computacenter’s (CCC) Buy Rating Reiterated at Jefferies Financial Group

Jefferies Financial Group reaffirmed their buy rating on shares of Computacenter (LON:CCC) in a research report sent to investors on Tuesday,Digital Look reports. They currently have a GBX 6,500 price target on the stock.

CCC has been the topic of several other reports. JPMorgan Chase & Co. boosted their target price on shares of Computacenter from GBX 5,000 to GBX 6,000 and gave the stock an “overweight” rating in a research report on Monday. Berenberg Bank increased their price target on shares of Computacenter from GBX 3,450 to GBX 5,300 and gave the company a “buy” rating in a report on Monday, July 20th. Four research analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, Computacenter has an average rating of “Buy” and an average target price of GBX 5,675.

Computacenter Stock Down 2.0%

CCC opened at GBX 5,083.73 on Tuesday. 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 business has a 50 day simple moving average of GBX 4,909.03 and a 200-day simple moving average of GBX 4,085.51. The stock has a market capitalization of £5.34 billion, a P/E ratio of 34.94, a P/E/G ratio of 6.99 and a beta of 0.95. Computacenter has a 12 month low of GBX 2,242 and a 12 month high of GBX 6,045.

Computacenter (LON:CCC) last announced its quarterly earnings data on Tuesday, September 8th. The company reported GBX 103 earnings per share for the quarter. Computacenter had a return on equity of 21.78% and a net margin of 1.70%. On average, equities analysts anticipate that Computacenter will post 187.5 earnings per share for the current fiscal year.

Insider Activity at Computacenter

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

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.