Computacenter (LON:CCC) Shares Up 10.7% – Here’s What Happened

Computacenter plc (LON:CCC)’s stock price rose 10.7% during trading on Monday. The company traded as high as GBX 5,115 and last traded at GBX 5,110. Approximately 1,313,958 shares traded hands during trading, a decline of 18% from the average daily volume of 1,594,597 shares. The stock had previously closed at GBX 4,618.

Analyst Upgrades and Downgrades

CCC has been the subject of several analyst reports. JPMorgan Chase & Co. upped their target price on Computacenter from GBX 5,000 to GBX 6,000 and gave the company an “overweight” rating in a report on Monday, September 7th. Berenberg Bank boosted their price objective on Computacenter from GBX 5,300 to GBX 6,500 and gave the stock a “buy” rating in a report on Wednesday, September 9th. Finally, Jefferies Financial Group reaffirmed a “buy” rating and set a GBX 6,500 price objective on shares of Computacenter in a research note on Tuesday, September 8th. Four investment analysts have rated the stock with a Buy rating. According to data from MarketBeat.com, the stock has an average rating of “Buy” and a consensus target price of GBX 5,675.

Computacenter Stock Up 10.8%

The company has a quick ratio of 0.94, a current ratio of 1.10 and a debt-to-equity ratio of 20.49. The firm has a market capitalization of £5.37 billion, a PE ratio of 26.42, a price-to-earnings-growth ratio of 6.99 and a beta of 0.95. The business’s 50-day moving average price is GBX 5,302.69 and its 200-day moving average price is GBX 4,583.47.

Computacenter (LON:CCC) last released its earnings results on Tuesday, September 8th. The company reported GBX 103 earnings per share (EPS) for the quarter. Computacenter had a net margin of 1.70% and a return on equity of 21.78%. As a group, equities research analysts predict that Computacenter plc will post 187.50 EPS for the current fiscal year.

Insider Activity

In related news, insider Keith Mortimer sold 181 shares of the business’s stock in a transaction that occurred on Friday, July 31st. The stock was sold at an average price of GBX 4,608, for a total value of £8,340.48. Company insiders own 43.80% of the company’s stock.

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.