Computacenter ( (GB:CCC) ) is experiencing volatility. Read on for a possible explanation for the stock’s unusual movement.
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Computacenter’s stock is on the rise following the announcement of its 2024 full-year results, which highlighted a solid performance amid challenging market conditions. Despite a slight decline in gross invoiced income and operating profit, the company achieved record profitability in the second half, thanks to strong performances in North America and Germany. A £200 million share buyback and an increased dividend further underscore its robust cash generation and strong balance sheet. Analyst Charles Brennan from Jefferies has reiterated a Buy rating with a price target of p3,300.00, expressing confidence in Computacenter’s growth prospects and its ability to capitalize on opportunities, particularly in North America.
More about Computacenter
YTD Price Performance: 9.89%
Average Trading Volume: 242,399
Technical Sentiment Consensus Rating: Sell
Current Market Cap: £2.44B
For further insights into CCC stock on TipRanks’ Stock Analysis page.
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