Computacenter (LON:CCC) Sets New 1-Year High on Analyst Upgrade

Shares of Computacenter plc (LON:CCC) reached a new 52-week high during mid-day trading on Tuesday after Berenberg Bank raised their price target on the stock from GBX 5,300 to GBX 6,500. Berenberg Bank currently has a buy 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 traded. The stock had previously closed at GBX 5,600.

Other research analysts have also recently issued research reports about the company. JPMorgan Chase & Co. lifted their target price on Computacenter from GBX 5,000 to GBX 6,000 and gave the company an “overweight” rating in a research report on Monday. Jefferies Financial Group restated a “buy” rating and set a GBX 6,500 price objective on shares of Computacenter in a research note on Tuesday. Four equities research analysts have rated the stock with a Buy rating, According to MarketBeat, Computacenter currently has an average rating of “Buy” and an average price target of GBX 5,675.

Insider Activity

In other news, insider Keith Mortimer sold 181 shares of the company’s stock in a transaction that occurred on Friday, July 31st. The stock was sold at an average price of GBX 4,608, for a total value of £8,340.48. Also, insider Kelly Kuhn purchased 1,035 shares of the company’s stock in a transaction that occurred on Friday, July 24th. The shares were 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.

Key Headlines Impacting Computacenter

Here are the key news stories impacting Computacenter this week:

• Positive Sentiment: Raised 2026 profit guidance: Computacenter lifted its outlook for annual adjusted pretax profit, citing strong demand across its technology services business and increased customer spending on artificial intelligence. Computacenter raises guidance after AI spending boost
• Positive Sentiment: Strong first-half performance: First-half revenue increased 71.6%, while the company’s bottom line also improved. The results indicate robust demand and provide support for management’s upgraded full-year outlook. Computacenter H1 Revenue Rises 71.6% as Group Raises 2026 Profit Guidance
• Positive Sentiment: Broker optimism increased: Berenberg raised its price target from GBX 5,300 to GBX 6,500 and assigned a “buy” rating. Jefferies also reaffirmed its “buy” rating with a GBX 6,500 target, while JPMorgan maintained a positive view. Computacenter Stock Price Expected to Rise
• Neutral Sentiment: Mixed trading reaction: Market coverage reported that Computacenter rose after the results before giving back some gains. The reversal may reflect profit-taking or valuation concerns rather than a deterioration in the company’s fundamentals. Winners and Losers: Computacenter rises then falls

Computacenter Stock Up 0.5%

The stock’s fifty day moving average is GBX 4,893.92 and its two-hundred day moving average is GBX 4,071.33. The company has a current ratio of 1.10, a quick ratio of 0.94 and a debt-to-equity ratio of 20.49. The company has a market capitalization of £5.45 billion, a PE ratio of 35.67, a P/E/G ratio of 6.99 and a beta of 0.95.

Computacenter (LON:CCC) last posted its quarterly earnings data on Tuesday, September 8th. The company reported GBX 103 earnings per share (EPS) for the quarter. Computacenter had a net margin of 1.70% and a return on equity of 21.78%. As a group, analysts predict that Computacenter plc 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.