Computacenter plc (LON:CCC – Get Rating) shares reached a new 52-week low during trading on Wednesday . The stock traded as low as GBX 2,034 ($24.58) and last traded at GBX 2,036 ($24.60), with a volume of 109346 shares changing hands. The stock had previously closed at GBX 2,098 ($25.35).
Analysts Set New Price Targets
Several research firms recently commented on CCC. Citigroup restated a “neutral” rating and issued a GBX 3,080 ($37.22) target price on shares of Computacenter in a research report on Thursday, July 14th. Berenberg Bank lowered their target price on Computacenter from GBX 3,600 ($43.50) to GBX 3,250 ($39.27) and set a “buy” rating on the stock in a research report on Monday, June 27th. Barclays lowered their target price on Computacenter from GBX 3,380 ($40.84) to GBX 2,900 ($35.04) and set an “equal weight” rating on the stock in a research report on Wednesday, July 6th. Finally, UBS Group restated a “buy” rating and issued a GBX 2,470 ($29.85) target price on shares of Computacenter in a research report on Friday, September 2nd. Three research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of GBX 2,900 ($35.04).
Computacenter Trading Up 0.2 %
The business has a 50 day simple moving average of GBX 2,441.90 and a 200-day simple moving average of GBX 2,550.54. The company has a debt-to-equity ratio of 25.50, a quick ratio of 0.96 and a current ratio of 1.21. The stock has a market capitalization of £2.33 billion and a P/E ratio of 1,264.60.
Computacenter Cuts Dividend
Computacenter plc provides information technology (IT) infrastructure and operations services in the United Kingdom, Germany, France, North America, and internationally. The company offers workplace solutions, including endpoint management, field and lifecycle, virtual desktop, managed print, service desk and remote support, application, collaboration management, and experience management services, as well as device as a service; applications and data solutions, including software development, software lifecycle management, cloud and application support, application migration, data and analytics, user experience, and process automation services; cloud and data center solutions, which include data center, cloud platform, marketplace software sourcing, private cloud, enterprise cloud, finops, data center deployment, cloud optimization, application migration, infrastructure and cloud managed, and application platform services.
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