Barclays Reaffirms Underweight Rating for Computacenter (CCC)

Barclays reiterated their underweight rating on shares of Computacenter (LON:CCC) in a research report released on Tuesday.

Several other research firms also recently weighed in on CCC. UBS Group reaffirmed a sell rating and issued a GBX 1,255 ($16.40) price objective on shares of Computacenter in a research note on Tuesday, September 25th. Credit Suisse Group raised their price objective on Computacenter from GBX 1,400 ($18.29) to GBX 1,650 ($21.56) and gave the company an outperform rating in a research note on Monday, June 25th. Finally, Berenberg Bank raised their price objective on Computacenter from GBX 1,450 ($18.95) to GBX 1,850 ($24.17) and gave the company a buy rating in a research note on Friday, July 27th.

LON CCC opened at GBX 1,188 ($15.52) on Tuesday. Computacenter has a 1-year low of GBX 708.73 ($9.26) and a 1-year high of GBX 1,206 ($15.76).

The company also recently disclosed a dividend, which was paid on Friday, October 12th. Investors of record on Thursday, September 13th were paid a GBX 8.70 ($0.11) dividend. This represents a yield of 0.58%. The ex-dividend date was Thursday, September 13th.

In other news, insider Greg Lock acquired 2,000 shares of the company’s stock in a transaction that occurred on Wednesday, October 10th. The stock was purchased at an average cost of GBX 1,204 ($15.73) per share, with a total value of £24,080 ($31,464.79).

About Computacenter

Computacenter plc, through its subsidiaries, provides information technology (IT) infrastructure services in the United Kingdom, Germany, France, and Belgium. The company offers information security, and identity and access management solutions, as well as endpoint, infrastructure, and cyber security solutions; network solutions, including local area and datacenter network, and physical infrastructure; and datacenter solutions, such as enterprise computing, hybrid cloud, data and storage management, and analytics and big data.

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