Computacenter’s (CCC) “Buy” Rating Reaffirmed at Berenberg Bank

Computacenter (LON:CCC)‘s stock had its “buy” rating reissued by equities researchers at Berenberg Bank in a research report issued on Tuesday.

A number of other brokerages have also recently weighed in on CCC. Barclays cut Computacenter to an “underweight” rating and raised their price target for the company from GBX 1,080 ($14.11) to GBX 1,100 ($14.37) in a research report on Tuesday, July 10th. UBS Group reaffirmed a “sell” rating and set a GBX 1,255 ($16.40) price objective on shares of Computacenter in a research note on Tuesday, September 25th.

Shares of CCC stock opened at GBX 1,254.48 ($16.39) on Tuesday. Computacenter has a fifty-two week low of GBX 708.73 ($9.26) and a fifty-two week high of GBX 1,206 ($15.76).

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

Computacenter Company Profile

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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