Computacenter (LON:CCC) Sets New 52-Week High – Here’s What Happened

Computacenter plc (LON:CCC) hit a new 52-week high during trading on Friday . The stock traded as high as GBX 2,904 and last traded at GBX 2,836, with a volume of 8084235 shares trading hands. The stock had previously closed at GBX 2,826.

Analyst Upgrades and Downgrades

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

Computacenter Stock Up 0.4%

The firm has a market cap of £2.97 billion, a PE ratio of 19.36, a P/E/G 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 firm’s 50 day moving average is GBX 2,642.68 and its 200-day moving average is GBX 2,495.40.

Computacenter (LON:CCC) last announced its quarterly earnings data on Tuesday, September 9th. The company reported GBX 52.80 EPS for the quarter. Computacenter had a return on equity of 17.61% and a net margin of 2.64%. As a group, equities research analysts expect 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.