Berenberg Bank Issues Positive Forecast for Computacenter (LON:CCC) Stock Price

Computacenter (LON:CCC) had its price target increased by Berenberg Bank from GBX 3,450 to GBX 5,300 in a research report report published on Monday, MarketBeat reports. Berenberg Bank currently has a buy rating on the stock.

Other research analysts have also recently issued research reports about the company. Jefferies Financial Group reiterated a “buy” rating and set a GBX 5,300 price objective on shares of Computacenter in a research report on Thursday, July 9th. JPMorgan Chase & Co. raised shares of Computacenter to an “overweight” rating and boosted their target price for the company from GBX 4,500 to GBX 5,000 in a research report on Friday, July 10th. Four research analysts have rated the stock with a Buy rating, According to MarketBeat, the stock has an average rating of “Buy” and an average price target of GBX 4,825.

Computacenter Stock Performance

LON:CCC opened at GBX 4,834 on Monday. The stock has a 50 day simple moving average of GBX 4,279.76 and a 200 day simple moving average of GBX 3,569.88. The stock has a market cap of £5.07 billion, a P/E ratio of 33.22, a PEG ratio of 6.99 and a beta of 0.93. Computacenter has a 1-year low of GBX 2,092 and a 1-year high of GBX 4,932. The company has a current ratio of 1.17, a quick ratio of 0.94 and a debt-to-equity ratio of 22.53.

Insider Buying and Selling at Computacenter

In related news, insider Keith Mortimer sold 283 shares of the business’s stock in a transaction that occurred on Thursday, July 16th. The stock was sold at an average price of GBX 4,550, for a total value of £12,876.50. Insiders own 43.80% of the company’s stock.

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.