Computacenter (LON:CCC) Upgraded by JPMorgan Chase & Co. to Overweight Rating

Computacenter (LON:CCC) was upgraded by stock analysts at JPMorgan Chase & Co. to an “overweight” rating in a research report issued to clients and investors on Friday,London Stock Exchange reports. The firm presently has a GBX 5,000 price target on the stock, up from their prior price target of GBX 4,500. JPMorgan Chase & Co.‘s price objective would suggest a potential upside of 12.26% from the company’s previous close.

A number of other equities analysts also recently commented on CCC. Berenberg Bank reissued a “hold” rating and issued a GBX 3,450 price objective on shares of Computacenter in a research note on Monday, March 16th. Jefferies Financial Group reaffirmed a “buy” rating and set a GBX 5,300 target price on shares of Computacenter in a research report on Thursday. Three research analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat.com, Computacenter has an average rating of “Moderate Buy” and an average target price of GBX 4,362.50.

Computacenter Price Performance

Shares of CCC opened at GBX 4,454 on Friday. The company has a 50 day moving average price of GBX 4,178.22 and a 200-day moving average price of GBX 3,488.52. Computacenter has a fifty-two week low of GBX 2,092 and a fifty-two week high of GBX 4,702. The stock has a market capitalization of £4.67 billion, a PE ratio of 30.61, a PEG ratio of 6.99 and a beta of 0.93. The company has a debt-to-equity ratio of 22.53, a quick ratio of 0.94 and a current ratio of 1.17.

Insider Activity at Computacenter

In other news, insider Keith Mortimer purchased 203 shares of the firm’s stock in a transaction on Friday, May 8th. The stock was acquired at an average cost of GBX 1,772 per share, with a total value of £3,597.16. Insiders own 43.80% of the company’s stock.

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.