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Important information: The value of investments can go down as well as up so you may get back less than you invest. Investors should note that the views expressed may no longer be current and may have already been acted upon. This is a third-party news feed and may not reflect Fidelity’s views.

Peel Hunt downgrades Computacenter to 'hold'

(Sharecast News) - Peel Hunt downgraded Computacenter to 'hold' from 'buy' on Friday as it said the valuation already factors in much of the upside potential over the next year. The broker, which lifted its price target on the stock to 3,000p from 2,716p, said Computacenter is still seen as a solid investment opportunity on a three-year-plus view, but much of the potential upside over the next 12 months is reflected in the share price already.

"While the valuation reflects expectations of a strong 2026, it overlooks underlying volatility and we believe there are more compelling opportunities elsewhere," Peel Hunt said.

At 1320 GMT, the shares were down 0.4% at 2,970p.

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Important information: This information is not a personal recommendation for any particular investment. If you are unsure about the suitability of an investment you should speak to one of Fidelity’s advisers or an authorised financial adviser of your choice. When you are thinking about investing in shares, it’s generally a good idea to consider holding them alongside other investments in a diversified portfolio of assets. Past performance is not a reliable indicator of future returns.

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