Computacenter (CCC) PT Lowered to GBX 1,400
Computacenter (LON:CCC) had its price target cut by Berenberg Bank from GBX 1,600 ($20.91) to GBX 1,400 ($18.29) in a research note published on Monday morning. They currently have a buy rating on the stock.
A number of other analysts have also recently weighed in on the stock. Credit Suisse Group lowered their target price on shares of Computacenter from GBX 1,427 ($18.65) to GBX 1,300 ($16.99) and set an outperform rating on the stock in a research note on Wednesday, March 13th. UBS Group reissued a neutral rating on shares of Computacenter in a research note on Friday, March 8th. Finally, Barclays lowered their target price on shares of Computacenter from GBX 1,000 ($13.07) to GBX 940 ($12.28) and set an underweight rating on the stock in a research note on Wednesday, January 9th.
LON:CCC opened at GBX 1,056 ($13.80) on Monday. The stock has a market cap of $1.19 billion and a PE ratio of 15.06. Computacenter has a 52-week low of GBX 936 ($12.23) and a 52-week high of GBX 1,632 ($21.32). The company has a current ratio of 1.23, a quick ratio of 1.10 and a debt-to-equity ratio of 31.97.
In related news, insider Tony Conophy sold 44,193 shares of the company’s stock in a transaction dated Thursday, March 21st. The shares were sold at an average price of GBX 1,189 ($15.54), for a total value of £525,454.77 ($686,599.73).
Computacenter plc, through its subsidiaries, provides information technology (IT) infrastructure services in the United Kingdom, Germany, France, and Belgium. The company offers information security, and identity and access management solutions, as well as endpoint, infrastructure, and cyber security solutions; network solutions, including local area and datacenter network, and physical infrastructure; and datacenter solutions, such as enterprise computing, hybrid cloud, data and storage management, and analytics and big data.
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