Computacenter (LON:CCC) Earns “Buy” Rating from Berenberg Bank

Computacenter (LON:CCCGet Rating)‘s stock had its “buy” rating reiterated by stock analysts at Berenberg Bank in a report released on Wednesday, MarketBeat Ratings reports. They presently have a GBX 3,600 ($46.84) price target on the stock. Berenberg Bank’s price objective points to a potential upside of 24.14% from the company’s current price.

A number of other research firms have also recently commented on CCC. Morgan Stanley dropped their price target on shares of Computacenter from GBX 2,850 ($37.08) to GBX 2,800 ($36.43) and set an “equal weight” rating for the company in a research note on Friday, March 25th. Barclays boosted their price target on shares of Computacenter from GBX 2,900 ($37.73) to GBX 3,160 ($41.11) and gave the company an “equal weight” rating in a report on Tuesday, January 11th.

Shares of CCC stock opened at GBX 2,900 ($37.73) on Wednesday. The company has a debt-to-equity ratio of 25.50, a current ratio of 1.21 and a quick ratio of 0.96. The company has a market capitalization of £3.31 billion and a price-to-earnings ratio of 18.02. The company’s fifty day moving average price is GBX 2,784.75 and its 200-day moving average price is GBX 2,761.65. Computacenter has a one year low of GBX 2,364 ($30.76) and a one year high of GBX 3,098 ($40.31).

In other Computacenter news, insider Michael J. Norris sold 24,358 shares of the stock in a transaction on Monday, March 21st. The shares were sold at an average price of GBX 2,928 ($38.10), for a total transaction of £713,202.24 ($927,923.81).

About Computacenter (Get Rating)

Computacenter plc provides information technology (IT) infrastructure services in the United Kingdom, Germany, France, the United America, and internationally. The company offers endpoint, infrastructure, cyber security, information security management, and identity and access management solutions; network solutions, including local area and datacentre network, smart infrastructure, and audio-visual solutions; and datacentre solutions, such as enterprise computing, hybrid cloud, data and storage management, and analytics and big data.

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