Insider Selling: Computacenter (LON:CCC) Insider Sells £12,876.50 in Stock

Computacenter plc (LON:CCC) insider Keith Mortimer sold 283 shares of Computacenter stock in a transaction on Thursday, July 16th. The stock was sold at an average price of GBX 4,550, for a total transaction of £12,876.50.

Keith Mortimer also recently made the following trade(s):

• On Thursday, July 16th, Keith Mortimer bought 280 shares of Computacenter stock. The stock was purchased at an average price of GBX 4,554 per share, with a total value of £12,751.20.
• On Friday, May 8th, Keith Mortimer purchased 203 shares of Computacenter stock. The shares were purchased at an average cost of GBX 1,772 per share, for a total transaction of £3,597.16.

Computacenter Stock Down 0.5%

LON:CCC traded down GBX 24 on Thursday, hitting GBX 4,514. The stock had a trading volume of 800,711 shares, compared to its average volume of 1,756,378. Computacenter plc has a 1 year low of GBX 2,092 and a 1 year high of GBX 4,702. The firm’s fifty day simple moving average is GBX 4,236.80 and its two-hundred day simple moving average is GBX 3,533.75. The company has a debt-to-equity ratio of 22.53, a quick ratio of 0.94 and a current ratio of 1.17. The stock has a market cap of £4.74 billion, a P/E ratio of 31.02, a price-to-earnings-growth ratio of 6.99 and a beta of 0.93.

Analyst Upgrades and Downgrades

Several equities analysts recently weighed in on the stock. Jefferies Financial Group restated a “buy” rating and set a GBX 5,300 price target on shares of Computacenter in a research report on Thursday, July 9th. JPMorgan Chase & Co. upgraded shares of Computacenter to an “overweight” rating and raised their price target for the stock from GBX 4,500 to GBX 5,000 in a research note on Friday, July 10th. Three equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of GBX 4,362.50.

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.