Jefferies Financial Group Reaffirms Buy Rating for Computacenter (LON:CCC)

Computacenter (LON:CCC)‘s stock had its “buy” rating reaffirmed by research analysts at Jefferies Financial Group in a research report issued on Friday, MarketBeat.com reports. They presently have a GBX 3,700 target price on the stock. Jefferies Financial Group’s price target would suggest a potential downside of 2.43% from the stock’s current price.

CCC has been the topic of a number of other reports. UBS Group reiterated a “buy” rating and set a GBX 3,700 price target on shares of Computacenter in a research report on Friday, January 23rd. Berenberg Bank reiterated a “hold” rating and set a GBX 3,450 price target on shares of Computacenter in a research report on Monday, March 16th. Finally, JPMorgan Chase & Co. increased their price target 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. Three investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of GBX 3,587.50.

Computacenter Price Performance

Shares of LON:CCC opened at GBX 3,792 on Friday. The company’s 50-day moving average is GBX 3,096.06 and its 200 day moving average is GBX 3,009.21. The company has a market capitalization of £3.98 billion, a P/E ratio of 26.06, a price-to-earnings-growth ratio of 6.99 and a beta of 0.82. The company has a debt-to-equity ratio of 22.53, a quick ratio of 0.95 and a current ratio of 1.17. Computacenter has a fifty-two week low of GBX 2,092 and a fifty-two week high of GBX 3,828.

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

About Computacenter

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.