In a report released today, Charles Brennan from Jefferies maintained a Buy rating on Computacenter (CCC – Research Report), with a price target of p3,300.00.
Confident Investing Starts Here:
- Easily unpack a company's performance with TipRanks' new KPI Data for smart investment decisions
- Receive undervalued, market resilient stocks right to your inbox with TipRanks' Smart Value Newsletter
Charles Brennan has given his Buy rating due to a combination of factors that indicate a promising outlook for Computacenter. The company has reported a strong start to the year, primarily driven by its operations in the US, which suggests a positive trajectory for future performance. Additionally, the company’s guidance for the year remains stable, supported by a solid order backlog, which provides confidence in its ability to meet expectations.
Despite minor foreign exchange adjustments, which are common across the sector, the overall outlook remains positive. This stable foundation suggests that Computacenter is well-positioned to capitalize on opportunities throughout the fiscal year. Brennan’s rating reflects the belief that the company’s current momentum and strategic positioning will likely lead to sustained growth and value for investors.
In another report released on April 15, UBS also maintained a Buy rating on the stock with a p2,600.00 price target.
Based on the recent corporate insider activity of 9 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.