Computacenter (LON:CCC) Given “Hold” Rating at Berenberg Bank

Berenberg Bank reissued their hold rating on shares of Computacenter (LON:CCC) in a report issued on Monday,London Stock Exchange reports. Berenberg Bank currently has a GBX 3,450 target price on the stock.

Other research analysts have also issued reports about the stock. 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 report on Wednesday, January 14th. JPMorgan Chase & Co. upped their target price on shares of Computacenter from GBX 3,300 to GBX 3,500 and gave the company an “overweight” rating in a research note on Friday, January 23rd. Finally, UBS Group reiterated a “buy” rating and issued a GBX 3,700 price target on shares of Computacenter in a research note on Friday, January 23rd. Three investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. Based on data from MarketBeat, Computacenter has a consensus rating of “Moderate Buy” and an average target price of GBX 3,612.50.

Computacenter Stock Performance

Shares of LON:CCC remained flat at GBX 2,942 during midday trading on Monday. 8,506,954 shares of the company traded hands, compared to its average volume of 1,297,049. The company has a current ratio of 1.17, a quick ratio of 0.95 and a debt-to-equity ratio of 22.53. The firm has a market capitalization of £3.09 billion, a P/E ratio of 20.08, a PEG ratio of 6.99 and a beta of 0.85. The firm has a fifty day moving average price of GBX 3,126.42 and a two-hundred day moving average price of GBX 2,888.41. Computacenter has a 1-year low of GBX 2,072 and a 1-year high of GBX 3,410.

Computacenter (LON:CCC) last announced its quarterly 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, equities research analysts anticipate that Computacenter will post 187.5 EPS for the current fiscal year.

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.