Computacenter (LON:CCC) Reaches New 52-Week High – Here’s Why

Shares of Computacenter plc (LON:CCC) hit a new 52-week high during trading on Thursday . The company traded as high as GBX 4,702 and last traded at GBX 4,554, with a volume of 1148353 shares traded. The stock had previously closed at GBX 4,136.

Analyst Upgrades and Downgrades

Several equities analysts have issued reports on the stock. JPMorgan Chase & Co. upped their price objective on shares of Computacenter from GBX 4,000 to GBX 4,500 and gave the company an “overweight” rating in a research note on Friday, May 29th. Jefferies Financial Group raised shares of Computacenter to a “buy” rating and lifted their target price for the company from GBX 4,400 to GBX 5,000 in a report on Thursday, June 25th. Finally, Berenberg Bank reaffirmed a “hold” rating and set a GBX 3,450 price target on shares of Computacenter in a research note on Monday, March 16th. Three equities research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of GBX 4,162.50.

Computacenter Stock Performance

The company has a market capitalization of £4.82 billion, a price-to-earnings ratio of 31.59, a PEG ratio of 6.99 and a beta of 0.93. The company has a quick ratio of 0.94, a current ratio of 1.17 and a debt-to-equity ratio of 22.53. The stock has a fifty day moving average price of GBX 4,165.04 and a two-hundred day moving average price of GBX 3,478.26.

Insider Buying and Selling at Computacenter

In other news, insider Keith Mortimer acquired 203 shares of Computacenter stock in a transaction that occurred on Friday, May 8th. The shares were acquired at an average price of GBX 1,772 per share, with a total value of £3,597.16. 43.80% of the stock is currently owned by corporate insiders.

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.