JPMorgan Chase & Co. Forecasts Strong Price Appreciation for Computacenter (LON:CCC) Stock

Computacenter (LON:CCC) had its target price lifted by analysts at JPMorgan Chase & Co. from GBX 3,300 to GBX 3,500 in a research report issued to clients and investors on Friday, MarketBeat reports. The brokerage currently has an “overweight” rating on the stock. JPMorgan Chase & Co.‘s price objective would suggest a potential upside of 4.48% from the stock’s previous close.

Separately, Jefferies Financial Group lifted their target price 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. Three equities research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of GBX 3,106.25.

Computacenter Stock Performance

LON:CCC opened at GBX 3,350 on Friday. The company has a debt-to-equity ratio of 12.47, a quick ratio of 0.95 and a current ratio of 1.31. Computacenter has a fifty-two week low of GBX 2,062 and a fifty-two week high of GBX 3,410. The company has a 50 day simple moving average of GBX 3,001.76 and a two-hundred day simple moving average of GBX 2,662.17. The company has a market capitalization of £3.51 billion, a PE ratio of 22.87, a P/E/G ratio of 6.99 and a beta of 0.71.

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.