Computacenter (LON:CCC) Hits New 52-Week High – Here’s What Happened

Computacenter plc (LON:CCC) hit a new 52-week high during mid-day trading on Monday . The stock traded as high as GBX 5,105.81 and last traded at GBX 5,080, with a volume of 1247686 shares trading hands. The stock had previously closed at GBX 5,085.

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on the stock. Jefferies Financial Group reissued a “buy” rating and set a GBX 5,300 price target on shares of Computacenter in a research note on Thursday, July 9th. Berenberg Bank raised their price objective on shares of Computacenter from GBX 3,450 to GBX 5,300 and gave the company a “buy” rating in a research note on Monday, July 20th. Finally, JPMorgan Chase & Co. raised shares of Computacenter to an “overweight” rating and raised their price objective for the company from GBX 4,500 to GBX 5,000 in a research note on Friday, July 10th. Four research analysts have rated the stock with a Buy rating, According to data from MarketBeat, the company presently has a consensus rating of “Buy” and a consensus price target of GBX 4,825.

Computacenter Stock Performance

The company has a quick ratio of 0.94, a current ratio of 1.17 and a debt-to-equity ratio of 22.53. The stock has a market cap of £5.33 billion, a price-to-earnings ratio of 34.91, a PEG ratio of 6.99 and a beta of 0.93. The stock’s fifty day moving average is GBX 4,590.63 and its 200-day moving average is GBX 3,855.86.

Insiders Place Their Bets

In other news, insider Kelly Kuhn purchased 1,035 shares of the firm’s stock in a transaction dated Friday, July 24th. The stock was bought at an average price of GBX 4,836 per share, with a total value of £50,052.60. Also, insider Keith Mortimer sold 283 shares of the business’s stock in a transaction on Thursday, July 16th. The shares were sold at an average price of GBX 4,550, for a total transaction of £12,876.50. Company insiders own 43.80% 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.