Computacenter (LON:CCC) Hits New 12-Month High – Should You Buy?

Shares of Computacenter plc (LON:CCC) reached a new 52-week high during mid-day trading on Thursday . The company traded as high as GBX 3,378 and last traded at GBX 3,358, with a volume of 1123500 shares trading hands. The stock had previously closed at GBX 3,060.

Wall Street Analysts Forecast Growth

A number of research firms recently commented on CCC. Jefferies Financial Group raised their price objective on shares of Computacenter from GBX 3,300 to GBX 3,800 and gave the stock a “buy” rating in a research note on Wednesday, January 14th. JPMorgan Chase & Co. lifted their price target on Computacenter from GBX 3,000 to GBX 3,300 and gave the company an “overweight” rating in a report on Thursday, December 4th. Three investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of GBX 3,056.25.

Computacenter Trading Up 8.5%

The company has a debt-to-equity ratio of 12.47, a quick ratio of 0.95 and a current ratio of 1.31. The stock has a market cap of £3.48 billion, a price-to-earnings ratio of 22.66, a price-to-earnings-growth ratio of 6.99 and a beta of 0.71. The company’s 50 day simple moving average is GBX 2,991.17 and its two-hundred day simple moving average is GBX 2,657.32.

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.