Computacenter (LON:CCC) Reaches New 12-Month Low - Here's What Happened

Shares of Computacenter plc (LON:CCC - Get Free Report) hit a new 52-week low during mid-day trading on Tuesday . The company traded as low as GBX 2,268 ($29.41) and last traded at GBX 2,312 ($29.98), with a volume of 782003 shares. The stock had previously closed at GBX 2,331.23 ($30.23).

Analysts Set New Price Targets

Several research analysts have recently weighed in on CCC shares. JPMorgan Chase & Co. reduced their target price on Computacenter from GBX 3,300 ($42.80) to GBX 3,050 ($39.55) and set an "overweight" rating for the company in a research note on Monday, July 29th. Jefferies Financial Group decreased their price objective on shares of Computacenter from GBX 3,900 ($50.58) to GBX 3,800 ($49.28) and set a "buy" rating on the stock in a report on Monday, July 29th.

Computacenter Price Performance

The company has a debt-to-equity ratio of 12.40, a current ratio of 1.31 and a quick ratio of 0.95. The stock has a market capitalization of £2.50 billion, a price-to-earnings ratio of 1,549.33, a price-to-earnings-growth ratio of 6.99 and a beta of 0.71. The stock has a 50 day moving average price of GBX 2,518.51 and a 200-day moving average price of GBX 2,655.69.

Computacenter Cuts Dividend

The firm also recently announced a dividend, which was paid on Friday, October 25th. Shareholders of record on Thursday, September 26th were paid a dividend of GBX 23.30 ($0.30) per share. The ex-dividend date was Thursday, September 26th. This represents a yield of 0.9%. Computacenter's dividend payout ratio (DPR) is presently 4,733.33%.

Insider Transactions at Computacenter

In other Computacenter news, insider Pauline Campbell purchased 8,900 shares of the stock in a transaction that occurred on Tuesday, September 17th. The shares were purchased at an average cost of GBX 2,470 ($32.03) per share, for a total transaction of £219,830 ($285,086.24). Insiders own 36.41% of the company's stock.

Computacenter Company Profile

Computacenter plc provides technology and services to corporate and public sector organizations in the United Kingdom, Germany, France, North America, and internationally. The company provides workplace solutions, including device as a service, collaboration management, endpoint management, and intelligent support experience; cloud services, application and Al platforms, custom applications, and business automation; infrastructure service, data center and edge platforms, relocation and migration, and operational resilience; and networking solutions and services.