Charles Brennan, an analyst from Jefferies, maintained the Buy rating on Computacenter (CCC – Research Report). The associated price target remains the same with p3,300.00.
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Charles Brennan’s rating is based on a combination of factors that suggest positive future prospects for Computacenter. Despite recent indications of weak demand in Germany, which could similarly affect Computacenter, Brennan sees potential for recovery in this market.
Additionally, the company’s efforts in optimizing its balance sheet are viewed as a favorable development. These elements, coupled with a slight adjustment for foreign exchange impacts, contribute to the optimistic outlook and justify the Buy rating.
Based on the recent corporate insider activity of 13 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of CCC in relation to earlier this year.