Computacenter (LON:CCC) Reaches New 12-Month High – Should You Buy?

Computacenter plc (LON:CCC) hit a new 52-week high on Wednesday . The company traded as high as GBX 2,900 and last traded at GBX 2,877.34, with a volume of 199877 shares trading hands. The stock had previously closed at GBX 2,852.

Wall Street Analysts Forecast Growth

CCC has been the topic of several research analyst reports. UBS Group reiterated a “buy” rating and issued a GBX 2,700 price objective on shares of Computacenter in a report on Friday, September 5th. Berenberg Bank reaffirmed a “hold” rating and issued a GBX 2,425 target price on shares of Computacenter in a research report on Tuesday, September 9th. Finally, Jefferies Financial Group reiterated a “buy” rating and set a GBX 3,200 price target on shares of Computacenter in a research note on Wednesday, September 10th. Two research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of GBX 2,775.

Computacenter Stock Performance

The stock has a market capitalization of £2.93 billion, a PE ratio of 19.07, a price-to-earnings-growth ratio of 6.99 and a beta of 0.71. The company has a quick ratio of 0.95, a current ratio of 1.31 and a debt-to-equity ratio of 12.47. The stock has a fifty day moving average of GBX 2,601.11 and a 200-day moving average of GBX 2,481.76.

Computacenter (LON:CCC) last posted its quarterly earnings results on Tuesday, September 9th. The company reported GBX 52.80 earnings per share (EPS) for the quarter. Computacenter had a return on equity of 17.61% and a net margin of 2.64%. Equities 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.