Computacenter (LON:CCC) Reaches New 52-Week High – Still a Buy?

Computacenter plc (LON:CCC) shares hit a new 52-week high during mid-day trading on Tuesday . The stock traded as high as GBX 4,050 and last traded at GBX 4,040, with a volume of 984036 shares changing hands. The stock had previously closed at GBX 3,876.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on CCC shares. JPMorgan Chase & Co. boosted their price target on Computacenter from GBX 3,500 to GBX 4,000 and gave the company an “overweight” rating in a research note on Monday, April 27th. Berenberg Bank restated a “hold” rating and set a GBX 3,450 price objective on shares of Computacenter in a research report on Monday, March 16th. UBS Group restated a “buy” rating and set a GBX 3,700 price objective on shares of Computacenter in a research report on Friday, January 23rd. Finally, Jefferies Financial Group restated a “buy” rating and set a GBX 3,700 price objective on shares of Computacenter in a research report on Friday, April 24th. Three analysts have rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of GBX 3,712.50.

Computacenter Stock Up 0.8%

The business’s fifty day moving average price is GBX 3,277.07 and its 200 day moving average price is GBX 3,102.63. The company has a market capitalization of £4.23 billion, a P/E ratio of 27.70, a P/E/G ratio of 6.99 and a beta of 0.90. The company has a current ratio of 1.17, a quick ratio of 0.95 and a debt-to-equity ratio of 22.53.

Computacenter (LON:CCC) last released its quarterly earnings data on Thursday, March 12th. The company reported GBX 176.30 EPS for the quarter. Computacenter had a net margin of 1.79% and a return on equity of 14.84%. As a group, equities research analysts predict that Computacenter plc will post 187.5 earnings per share for the current fiscal year.

Insider Buying and Selling at Computacenter

In related news, insider Keith Mortimer acquired 203 shares of the stock in a transaction dated Friday, May 8th. The shares were bought at an average cost of GBX 1,772 per share, for a total transaction of £3,597.16. Corporate insiders own 36.63% 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.