JPMorgan Chase & Co. Forecasts Strong Price Appreciation for Computacenter (LON:CCC) Stock

Computacenter (LON:CCC) had its price objective hoisted by equities researchers at JPMorgan Chase & Co. from GBX 4,000 to GBX 4,500 in a research note issued to investors on Friday,Digital Look reports. The firm currently has an “overweight” rating on the stock. JPMorgan Chase & Co.‘s price target would indicate a potential upside of 1.86% from the stock’s previous close.

Several other analysts have also issued reports on CCC. Jefferies Financial Group reiterated a “buy” rating and set a GBX 4,400 target price on shares of Computacenter in a report on Thursday. Berenberg Bank reiterated a “hold” rating and set a GBX 3,450 target price on shares of Computacenter in a report on Monday, March 16th. Three research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of GBX 4,012.50.

Computacenter Stock Performance

CCC opened at GBX 4,418 on Friday. Computacenter has a 52-week low of GBX 2,092 and a 52-week high of GBX 4,448. The firm has a market capitalization of £4.64 billion, a PE ratio of 30.36, a PEG ratio of 6.99 and a beta of 0.90. The company has a debt-to-equity ratio of 22.53, a quick ratio of 0.95 and a current ratio of 1.17. The business’s 50-day simple moving average is GBX 3,496.37 and its 200 day simple moving average is GBX 3,203.25.

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

Insider Activity at Computacenter

In other news, insider Keith Mortimer acquired 203 shares of the firm’s stock in a transaction dated Friday, May 8th. The stock was bought at an average price of GBX 1,772 per share, with a total value of £3,597.16. 36.63% of the stock is currently owned by company insiders.

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.