Computacenter (LON:CCC) Stock Passes Above 200 Day Moving Average – What’s Next?

Computacenter plc (LON:CCC) shares crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of GBX 4,147.83 and traded as high as GBX 5,335.68. Computacenter shares last traded at GBX 5,285, with a volume of 149,004 shares.

Analyst Ratings Changes

A number of research analysts recently issued reports on the stock. Jefferies Financial Group reiterated a “buy” rating and set a GBX 6,500 target price on shares of Computacenter in a research report on Tuesday, September 8th. Berenberg Bank lifted their price objective on shares of Computacenter from GBX 5,300 to GBX 6,500 and gave the company a “buy” rating in a report on Wednesday, September 9th. Finally, JPMorgan Chase & Co. raised their price objective on Computacenter from GBX 5,000 to GBX 6,000 and gave the company an “overweight” rating in a research note on Monday, September 7th. Four research analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, the company currently has an average rating of “Buy” and a consensus price target of GBX 5,675.

Computacenter Stock Performance

The company has a market capitalization of £5.66 billion, a P/E ratio of 37.05, a P/E/G ratio of 6.99 and a beta of 0.95. The company has a current ratio of 1.10, a quick ratio of 0.94 and a debt-to-equity ratio of 20.49. The company’s fifty day moving average is GBX 5,004.52 and its 200 day moving average is GBX 4,163.37.

Computacenter (LON:CCC) last posted its earnings results on Tuesday, September 8th. The company reported GBX 103 earnings per share for the quarter. Computacenter had a return on equity of 21.78% and a net margin of 1.70%. As a group, equities analysts anticipate that Computacenter plc will post 187.5 earnings per share for the current year.

Insider Activity

In other news, insider Keith Mortimer sold 283 shares of Computacenter stock in a transaction on Thursday, July 16th. The shares were sold at an average price of GBX 4,550, for a total transaction of £12,876.50. Also, insider Kelly Kuhn acquired 1,035 shares of the business’s stock in a transaction dated Friday, July 24th. The stock was purchased at an average price of GBX 4,836 per share, with a total value of £50,052.60. 43.80% of the stock is owned by insiders.

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.