Raymond Gray Sells 1,529 Shares of Computacenter plc (CCC) Stock

Computacenter plc (LON:CCC) insider Raymond Gray sold 1,529 shares of the business’s stock in a transaction that occurred 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).

CCC stock traded up GBX 20 ($0.26) during trading on Friday, hitting GBX 1,230 ($16.07). The company had a trading volume of 153,170 shares, compared to its average volume of 266,969. The company has a quick ratio of 1.10, a current ratio of 1.23 and a debt-to-equity ratio of 31.97. Computacenter plc has a 1-year low of GBX 936 ($12.23) and a 1-year high of GBX 1,632 ($21.32). The stock has a market capitalization of $1.39 billion and a PE ratio of 17.55.

The business also recently announced a dividend, which will be paid on Friday, June 28th. Investors of record on Thursday, May 30th will be paid a GBX 21.60 ($0.28) dividend. The ex-dividend date is Thursday, May 30th. This represents a yield of 1.82%. This is a positive change from Computacenter’s previous dividend of $8.70. Computacenter’s dividend payout ratio is presently 0.43%.

A number of brokerages have issued reports on CCC. Berenberg Bank reaffirmed a “buy” rating and set a GBX 1,400 ($18.29) price target on shares of Computacenter in a report on Tuesday, April 30th. UBS Group raised Computacenter to a “buy” rating and boosted their target price for the company from GBX 1,080 ($14.11) to GBX 1,450 ($18.95) in a report on Monday, April 29th. Barclays boosted their target price on 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 target price on Computacenter from GBX 1,427 ($18.65) to GBX 1,300 ($16.99) and set an “outperform” rating for the company in a report on Wednesday, March 13th.

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Computacenter Company Profile

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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