Computacenter (LON:CCC) Trading Up 9.9% – What’s Next?

Computacenter plc (LON:CCC) was up 9.9% during trading on Friday . The company traded as high as GBX 3,692 and last traded at GBX 3,674. Approximately 407,242 shares changed hands during trading, a decline of 59% from the average daily volume of 1,004,988 shares. The stock had previously closed at GBX 3,342.

Wall Street Analysts Forecast Growth

A number of equities research analysts have commented on CCC shares. Jefferies Financial Group restated a “buy” rating and set a GBX 3,700 target price on shares of Computacenter in a research note on Friday. JPMorgan Chase & Co. lifted their price objective on shares of Computacenter from GBX 3,300 to GBX 3,500 and gave the company an “overweight” rating in a research report on Friday, January 23rd. UBS Group reiterated a “buy” rating and set a GBX 3,700 price objective on shares of Computacenter in a research report on Friday, January 23rd. Finally, Berenberg Bank reiterated a “hold” rating and set a GBX 3,450 price objective on shares of Computacenter in a research report on Monday, March 16th. Three equities research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat.com, Computacenter presently has an average rating of “Moderate Buy” and a consensus target price of GBX 3,587.50.

Computacenter Stock Performance

The stock has a market cap of £3.98 billion, a P/E ratio of 26.06, a PEG ratio of 6.99 and a beta of 0.82. The company has a debt-to-equity ratio of 22.53, a current ratio of 1.17 and a quick ratio of 0.95. The firm’s 50-day moving average price is GBX 3,096.06 and its 200-day moving average price is GBX 3,009.21.

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