Computacenter (LON:CCC) Price Target Cut to GBX 1,700 by Analysts at Berenberg Bank
Computacenter (LON:CCC) had its target price reduced by Berenberg Bank from GBX 2,150 ($28.28) to GBX 1,700 ($22.36) in a report released on Wednesday morning, Stock Target Advisor reports. They currently have a buy rating on the stock.
CCC has been the subject of a number of other research reports. UBS Group upgraded shares of Computacenter to a neutral rating and dropped their price objective for the company from GBX 1,625 ($21.38) to GBX 1,500 ($19.73) in a report on Monday, March 16th. Credit Suisse Group dropped their price objective on shares of Computacenter from GBX 2,100 ($27.62) to GBX 1,900 ($24.99) and set an outperform rating for the company in a report on Friday, March 13th. Finally, Barclays lifted their price objective on shares of Computacenter from GBX 1,260 ($16.57) to GBX 1,550 ($20.39) and gave the company an equal weight rating in a report on Friday, January 10th.
Shares of CCC stock traded up GBX 117 ($1.54) during trading on Wednesday, reaching GBX 1,052 ($13.84). The company’s stock had a trading volume of 423,906 shares, compared to its average volume of 266,969. The company has a debt-to-equity ratio of 50.40, a current ratio of 1.25 and a quick ratio of 1.04. The company has a market capitalization of $1.07 billion and a price-to-earnings ratio of 14.65. The stock’s 50-day moving average price is GBX 1,684.68 and its 200 day moving average price is GBX 1,535.40. Computacenter has a 1-year low of GBX 0.10 ($0.00) and a 1-year high of GBX 1,950 ($25.65).
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.
Read More: What does an equal weight rating mean?
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