Computacenter’s (LON:CCC) “Buy” Rating Reiterated at Berenberg Bank

Computacenter (LON:CCC)‘s stock had its “buy” rating restated by equities researchers at Berenberg Bank in a research note issued on Tuesday, April 30th, Digital Look reports. They presently have a GBX 1,400 ($18.29) price objective on the stock. Berenberg Bank’s target price would indicate a potential upside of 12.81% from the company’s previous close.

Several other research firms have also commented on CCC. UBS Group raised Computacenter to a “buy” rating and upped their target price for the company from GBX 1,080 ($14.11) to GBX 1,450 ($18.95) in a report on Monday, April 29th. Credit Suisse Group decreased their price objective on Computacenter from GBX 1,427 ($18.65) to GBX 1,300 ($16.99) and set an “outperform” rating for the company in a report on Wednesday, March 13th. Finally, Barclays increased their price objective on Computacenter from GBX 940 ($12.28) to GBX 1,025 ($13.39) and gave the stock an “underweight” rating in a report on Friday, April 12th.

Computacenter stock traded up GBX 3 ($0.04) during midday trading on Tuesday, hitting GBX 1,241 ($16.22). The stock had a trading volume of 122,215 shares, compared to its average volume of 266,969. The firm has a market cap of $1.40 billion and a P/E ratio of 17.70. Computacenter has a 12 month low of GBX 936 ($12.23) and a 12 month high of GBX 1,632 ($21.32). The company has a quick ratio of 1.10, a current ratio of 1.23 and a debt-to-equity ratio of 31.97.

In other Computacenter news, insider Tony Conophy sold 44,193 shares of the business’s stock in a transaction on Thursday, March 21st. The shares were sold at an average price of GBX 1,189 ($15.54), for a total transaction of £525,454.77 ($686,599.73). Also, insider Raymond Gray sold 1,529 shares of the business’s stock in a transaction on Monday, April 15th. The shares were sold at an average price of GBX 1,060 ($13.85), for a total transaction of £16,207.40 ($21,177.84).

Computacenter Company Profile

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

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