Berenberg Initiates “Hold” Rating, GBX 750.00 Price Target On Computacenter PLC (LON:CCC)

Why Berenberg Gives Computacenter PLC (LON:CCC) GBX 750.00 Price Target

Berenberg analyst began coverage with a “Hold” rating on Computacenter PLC (LON:CCC) today and set a price target of GBX 750.00. The firm’s shares opened today at 715.5.

Out of 7 analysts covering Computacenter PLC (LON:CCC), 4 rate it a “Buy”, 0 “Sell”, while 3 “Hold”. This means 57% are positive. GBX 1020 is the highest target while GBX 715 is the lowest. The GBX 858.14 average target is 19.94% above today’s (GBX 715.5) stock price. Computacenter PLC has been the topic of 22 analyst reports since October 9, 2015 according to StockzIntelligence Inc. Credit Suisse maintained the stock on September 2 with “Outperform” rating. Investec maintained it with “Buy” rating and GBX 900 target price in a March 11 report. UBS maintained the shares of CCC in a report on August 31 with “Neutral” rating. Lastly, Panmure Gordon maintained the stock with “Buy” rating in an April 27 report.

About 93,791 shares traded hands. Computacenter plc (LON:CCC) has declined 11.91% since February 29, 2016 and is downtrending. It has underperformed by 23.16% the S&P500.

Analysts await Calgon Carbon Corporation (NYSE:CCC) to report earnings on November, 3. They expect $0.14 EPS, down 39.13% or $0.09 from last year’s $0.23 per share. CCC’s profit will be $7.06 million for 27.27 P/E if the $0.14 EPS becomes a reality. After $0.15 actual EPS reported by Calgon Carbon Corporation for the previous quarter, Wall Street now forecasts -6.67% negative EPS growth.

Insitutional Activity: The institutional sentiment decreased to 0.99 in Q2 2016. Its down 0.22, from 1.21 in 2016Q1. The ratio turned negative, as 20 funds sold all Computacenter plc shares owned while 49 reduced positions. 20 funds bought stakes while 48 increased positions. They now own 38.08 million shares or 10.50% less from 42.54 million shares in 2016Q1.

Highlander Capital Management Llc holds 1.19% of its portfolio in Computacenter plc for 98,900 shares. Robecosam Usa Inc. owns 61,120 shares or 1% of their US portfolio. Moreover, Robecosam Ag has 0.46% invested in the company for 391,167 shares. The North Carolina-based Willingdon Wealth Management has invested 0.41% in the stock. John G Ullman & Associates Inc, a New York-based fund reported 134,500 shares.

Computacenter plc is a provider of information technology infrastructure services. The company has a market cap of 880.30 million GBP. The Company’s divisions include UK, Germany, France and Belgium. It has a 15.42 P/E ratio. The Firm advises organizations on IT strategy, implement technology and manages its customers’ infrastructures.

According to Zacks Investment Research, “Calgon Carbon Corporation has four reportable segments, Activated Carbon, Service, Engineered Solutions and Consumer Health. These reportable segments are composed of global profit centers that make and sell different products and services.In addition to offering services to clean water from contaminated aquifers and surface impoundments and to clean accidental spills on a fee basis, the Company also sells a line of adsorption and filtration equipment to clean water from contaminated aquifers and industrial wastewater and surface impoundments.”

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