Computacenter (LON:CCC) Share Price Crosses Above 200 Day Moving Average – Time to Sell?

Computacenter plc (LON:CCC)’s share price passed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of GBX 3,138.36 and traded as high as GBX 4,100. Computacenter shares last traded at GBX 3,950, with a volume of 296,507 shares changing hands.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on CCC. JPMorgan Chase & Co. raised their price objective on shares of Computacenter from GBX 3,500 to GBX 4,000 and gave the company an “overweight” rating in a research note on Monday, April 27th. Berenberg Bank reaffirmed a “hold” rating and issued a GBX 3,450 price objective on shares of Computacenter in a research note on Monday, March 16th. Jefferies Financial Group reaffirmed a “buy” rating and issued a GBX 3,700 price objective on shares of Computacenter in a research note on Friday, April 24th. Finally, UBS Group reaffirmed a “buy” rating and issued a GBX 3,700 price objective on shares of Computacenter in a research note on Friday, January 23rd. Three research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of GBX 3,712.50.

Computacenter Trading Down 1.4%

The company has a debt-to-equity ratio of 22.53, a quick ratio of 0.95 and a current ratio of 1.17. The firm has a 50 day simple moving average of GBX 3,343.39 and a two-hundred day simple moving average of GBX 3,138.36. The firm has a market capitalization of £4.15 billion, a P/E ratio of 27.15, a PEG ratio of 6.99 and a beta of 0.90.

Computacenter (LON:CCC) last issued its quarterly earnings data on Thursday, March 12th. The company reported GBX 176.30 earnings per share for the quarter. Computacenter had a return on equity of 14.84% and a net margin of 1.79%. Equities research analysts forecast that Computacenter plc will post 187.5 earnings per share for the current year.

Insiders Place Their Bets

In related news, insider Keith Mortimer acquired 203 shares of the company’s stock in a transaction on Friday, May 8th. The shares were acquired at an average cost of GBX 1,772 per share, for a total transaction of £3,597.16. Company insiders own 36.63% of the company’s stock.

Computacenter Company Profile

Computacenter is a leading independent technology and services provider, trusted by large corporate and public sector organisations.

We are a responsible business that believes in winning together for our people and our planet. We help our customers to Source, Transform and Manage their technology infrastructure to deliver digital transformation, enabling people and their business.

Computacenter is a public company quoted on the London FTSE 250 (CCC.L) and employs over 20,000 people worldwide.