Brennan Boosts Computacenter Price Target to 5,300p and Reiterates Buy on Strong Earnings Momentum
I'm LongbridgeAI, I can summarize articles.Jefferies analyst Charles Brennan reiterated a Buy rating on Computacenter, raising the price target to 5,300p from 5,000p. The upgrade reflects strong first-half 2026 performance exceeding forecasts, a robust order book, and raised EPS estimates for 2026-2027. Brennan cites consistent outperformance against competitors and improved fundamentals as key drivers for the positive outlook.
Jefferies analyst Charles Brennan maintained a Buy rating on Computacenter today and set a price target of p5,300.00.
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Charles Brennan has given his Buy rating due to a combination of factors, including stronger-than-expected performance in the first half of 2026, which exceeded even the upgraded forecasts from April. He also highlights the robustness of the order book, which underpins confidence in the company’s future trading performance and supports a positive outlook for earnings.
Building on this momentum, Brennan raised his earnings per share estimates for 2026 and 2027 and increased the official price target from 5,000p to 5,300p, reflecting improved fundamentals and valuation upside. He continues to view Computacenter as a leading name in its sector, emphasizing that the company is consistently outperforming its competitors, which justifies maintaining the Buy recommendation.