Computacenter (LON:CCC) Given Buy Rating at Jefferies Financial Group

Computacenter (LON:CCC)‘s stock had its “buy” rating reissued by research analysts at Jefferies Financial Group in a research report issued on Tuesday,Digital Look reports. They currently have a GBX 3,400 ($43.14) price objective on the stock. Jefferies Financial Group’s target price would indicate a potential upside of 58.43% from the company’s current price.

Computacenter Stock Down 1.0 %

LON:CCC traded down GBX 22 ($0.28) during mid-day trading on Tuesday, reaching GBX 2,146 ($27.23). The company’s stock had a trading volume of 2,018,880 shares, compared to its average volume of 429,749. Computacenter has a 1 year low of GBX 2,068 ($26.24) and a 1 year high of GBX 3,004 ($38.11). The stock has a fifty day moving average of GBX 2,284.14 and a 200-day moving average of GBX 2,557.04. The firm has a market capitalization of £2.31 billion, a PE ratio of 1,429.33, a price-to-earnings-growth ratio of 6.99 and a beta of 0.71. The company has a quick ratio of 0.95, a current ratio of 1.31 and a debt-to-equity ratio of 12.40.

Insiders Place Their Bets

In other news, insider Peter James Ogden sold 562,284 shares of the company’s stock in a transaction dated Tuesday, October 29th. The shares were sold at an average price of GBX 2,312 ($29.33), for a total transaction of £13,000,006.08 ($16,493,283.53). 36.41% of the stock is currently owned by corporate insiders.

Computacenter Company Profile

Computacenter plc provides technology and services to corporate and public sector organizations in the United Kingdom, Germany, France, North America, and internationally. The company provides workplace solutions, including device as a service, collaboration management, endpoint management, and intelligent support experience; cloud services, application and Al platforms, custom applications, and business automation; infrastructure service, data center and edge platforms, relocation and migration, and operational resilience; and networking solutions and services.