Computacenter (CCC) Upgraded to “Buy” by UBS Group

Computacenter (LON:CCC) was upgraded by analysts at UBS Group to a “buy” rating in a report released on Monday, ThisIsMoney.Co.Uk reports. The firm presently has a GBX 1,450 ($18.95) price target on the stock, up from their prior price target of GBX 1,080 ($14.11). UBS Group’s price target would indicate a potential upside of 15.08% from the company’s previous close.

A number of other analysts also recently issued reports on CCC. Berenberg Bank reduced their price target on shares of Computacenter from GBX 1,600 ($20.91) to GBX 1,400 ($18.29) and set a “buy” rating on the stock in a report on Monday, March 25th. Barclays lifted their price target on shares of Computacenter from GBX 940 ($12.28) to GBX 1,025 ($13.39) and gave the company an “underweight” rating in a report on Friday, April 12th. Finally, Credit Suisse Group reduced their price target on shares of Computacenter from GBX 1,427 ($18.65) to GBX 1,300 ($16.99) and set an “outperform” rating on the stock in a report on Wednesday, March 13th.

Shares of CCC stock opened at GBX 1,260 ($16.46) on Monday. The firm has a market cap of $1.43 billion and a PE ratio of 17.97. Computacenter has a one year low of GBX 936 ($12.23) and a one year high of GBX 1,632 ($21.32). The company has a debt-to-equity ratio of 31.97, a quick ratio of 1.10 and a current ratio of 1.23.

In other Computacenter news, insider Raymond Gray sold 1,529 shares of Computacenter 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 value of £16,207.40 ($21,177.84). Also, insider Tony Conophy sold 44,193 shares of Computacenter 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).

About Computacenter

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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