Computacenter plc (CCC) Price Target Raised to GBX 1,200 at Credit Suisse Group

Computacenter plc (LON:CCC) had its target price boosted by Credit Suisse Group from GBX 1,000 ($13.20) to GBX 1,200 ($15.84) in a research report released on Friday morning. Credit Suisse Group currently has an outperform rating on the stock.

Several other research analysts also recently issued reports on CCC. Berenberg Bank raised Computacenter plc to a buy rating and upped their price objective for the company from GBX 750 ($9.90) to GBX 1,200 ($15.84) in a research note on Tuesday, August 29th. Barclays PLC reaffirmed an overweight rating and issued a GBX 1,030 ($13.59) price objective on shares of Computacenter plc in a research note on Tuesday, August 29th. Five research analysts have rated the stock with a buy rating, The stock currently has an average rating of Buy and an average price target of GBX 1,044 ($13.78).

Computacenter plc (LON:CCC) traded down 0.55% during midday trading on Friday, reaching GBX 999.50. 158,853 shares of the company’s stock traded hands. Computacenter plc has a 52-week low of GBX 702.50 and a 52-week high of GBX 1,094.00. The stock has a 50-day moving average of GBX 993.93 and a 200 day moving average of GBX 887.29. The company’s market cap is GBX 1.21 billion.

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The company also recently disclosed a dividend, which was paid on Friday, October 13th. Stockholders of record on Thursday, September 14th were paid a GBX 7.40 ($0.10) dividend. This represents a dividend yield of 0.72%. The ex-dividend date was Thursday, September 14th.

About Computacenter plc

Computacenter plc is a provider of information technology (IT) infrastructure services. The Company’s segments include UK, Germany, France and Belgium. The Company advises organizations on IT strategy, implement technology and manages its customers’ infrastructures. It provides user support, devices and secures provision of applications and data to support individual working styles.

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