Computacenter (LON:CCC) Stock Price Up 10.7% – Time to Buy?

Computacenter plc (LON:CCC) shares traded up 10.7% on Monday. The stock traded as high as GBX 5,115 and last traded at GBX 5,110. 1,313,958 shares changed hands during mid-day trading, a decline of 18% from the average session volume of 1,594,597 shares. The stock had previously closed at GBX 4,618.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on CCC. Jefferies Financial Group reiterated a “buy” rating and set a GBX 6,500 price target on shares of Computacenter in a research report on Tuesday. JPMorgan Chase & Co. upped their price objective on Computacenter from GBX 5,000 to GBX 6,000 and gave the company an “overweight” rating in a report on Monday, September 7th. Finally, Berenberg Bank boosted their price objective on shares of Computacenter from GBX 6,500 to GBX 6,750 and gave the company a “buy” rating in a report on Tuesday. Four research analysts have rated the stock with a Buy rating. According to MarketBeat, Computacenter presently has a consensus rating of “Buy” and an average price target of GBX 5,737.50.

Computacenter Price Performance

The stock’s 50 day moving average is GBX 5,297.61 and its two-hundred day moving average is GBX 4,141.57. The company has a debt-to-equity ratio of 20.49, a current ratio of 1.10 and a quick ratio of 0.94. The stock has a market capitalization of £5.53 billion, a PE ratio of 27.18, a price-to-earnings-growth ratio of 6.99 and a beta of 0.95.

Computacenter (LON:CCC) last announced its quarterly earnings results on Tuesday, September 8th. The company reported GBX 103 earnings per share for the quarter. Computacenter had a net margin of 1.70% and a return on equity of 21.78%. As a group, sell-side analysts forecast that Computacenter plc will post 187.50 earnings per share for the current fiscal year.

Insider Activity

In related news, insider Keith Mortimer purchased 467 shares of the business’s stock in a transaction dated Monday, October 26th. The stock was bought at an average cost of GBX 5,038 per share, with a total value of £23,527.46. 43.80% of the stock is owned by company insiders.

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.