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

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

Analyst Ratings Changes

Several equities research analysts have recently issued reports on the company. 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. Jefferies Financial Group raised their price objective on shares of Computacenter from GBX 3,300 to GBX 3,800 and gave the company a “buy” rating in a research report on Wednesday, January 14th. Three research 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 currently has an average rating of “Moderate Buy” and an average price target of GBX 3,056.25.

Computacenter Stock Up 8.5%

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

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.