Jefferies Financial Group Reaffirms Buy Rating for Computacenter (LON:CCC)
by Kim Johansen · The Markets DailyComputacenter (LON:CCC – Get Free Report)‘s stock had its “buy” rating reaffirmed by analysts at Jefferies Financial Group in a note issued to investors on Friday,London Stock Exchange reports. They presently have a GBX 3,700 price target on the stock. Jefferies Financial Group’s target price indicates a potential downside of 2.43% from the company’s current price.
Several other research firms also recently weighed in on CCC. JPMorgan Chase & Co. increased their target price on Computacenter from GBX 3,300 to GBX 3,500 and gave the stock an “overweight” rating in a research report on Friday, January 23rd. UBS Group restated a “buy” rating and issued a GBX 3,700 price objective on shares of Computacenter in a report on Friday, January 23rd. Finally, Berenberg Bank restated a “hold” rating and issued a GBX 3,450 price objective on shares of Computacenter in a report on Monday, March 16th. Three investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. Based on data from MarketBeat, Computacenter currently has an average rating of “Moderate Buy” and an average target price of GBX 3,587.50.
Check Out Our Latest Analysis on CCC
Computacenter Trading Up 13.5%
LON CCC traded up GBX 450 during trading hours on Friday, hitting GBX 3,792. 10,254,778 shares of the company’s stock were exchanged, compared to its average volume of 1,129,640. The business’s 50 day moving average is GBX 3,078.82 and its 200-day moving average is GBX 3,000.46. Computacenter has a 12-month low of GBX 2,092 and a 12-month high of GBX 3,828. The firm has a market capitalization of £3.98 billion, a P/E ratio of 26.06, a price-to-earnings-growth ratio of 6.99 and a beta of 0.82. The company has a debt-to-equity ratio of 22.53, a quick ratio of 0.95 and a current ratio of 1.17.
Computacenter (LON:CCC – Get Free Report) last released its earnings results on Thursday, March 12th. The company reported GBX 176.30 earnings per share for the quarter. Computacenter had a return on equity of 14.84% and a net margin of 1.79%. As a group, analysts anticipate that Computacenter will post 187.5 EPS 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.