Computacenter’s (CCC) Hold Rating Reiterated at Berenberg Bank

Berenberg Bank reaffirmed their hold rating on shares of Computacenter (LON:CCC) in a research report released on Monday morning,London Stock Exchange reports. They currently have a GBX 3,450 target price on the stock.

Other analysts have also recently issued research reports about the company. Jefferies Financial Group lifted their price objective on Computacenter from GBX 3,300 to GBX 3,800 and gave the stock a “buy” rating in a research report on Wednesday, January 14th. UBS Group reaffirmed a “buy” rating and set a GBX 3,700 price target on shares of Computacenter in a research note on Friday, January 23rd. Finally, JPMorgan Chase & Co. lifted their price target on shares of Computacenter from GBX 3,300 to GBX 3,500 and gave the stock an “overweight” rating in a report on Friday, January 23rd. Three 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 company presently has an average rating of “Moderate Buy” and a consensus target price of GBX 3,612.50.

Computacenter Stock Performance

CCC stock remained flat at GBX 2,942 on Monday. The company had a trading volume of 8,506,954 shares, compared to its average volume of 1,297,049. The firm’s 50-day moving average price is GBX 3,126.42 and its two-hundred day moving average price is GBX 2,888.41. The company has a market capitalization of £3.09 billion, a P/E ratio of 20.08, a P/E/G ratio of 6.99 and a beta of 0.85. The company has a current ratio of 1.17, a quick ratio of 0.95 and a debt-to-equity ratio of 22.53. Computacenter has a 12-month low of GBX 2,072 and a 12-month high of GBX 3,410.

Computacenter (LON:CCC) last released its quarterly earnings results on Thursday, March 12th. The company reported GBX 176.30 earnings per share for the quarter. Computacenter had a return on equity of 14.84% and a net margin of 1.79%. On average, sell-side analysts predict that Computacenter will post 187.5 earnings per share for the current 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.