Computacenter (LON:CCC) Stock Breaks Above 200-Day Moving Average – Here’s What Happened

Computacenter plc (LON:CCC) crossed above its 200-day moving average during trading on Thursday. The stock has a 200-day moving average of GBX 4,242.58 and traded as high as GBX 5,465. Computacenter shares last traded at GBX 5,240, with a volume of 165,030 shares traded.

Analyst Ratings Changes

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

Computacenter Price Performance

The company’s 50 day moving average price is GBX 5,111.76 and its 200-day moving average price is GBX 4,250.74. The company has a market capitalization of £5.68 billion, a PE ratio of 37.18, a PEG 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.

Computacenter (LON:CCC) last released its quarterly earnings data on Tuesday, September 8th. The company reported GBX 103 EPS for the quarter. Computacenter had a return on equity of 21.78% and a net margin of 1.70%. On average, sell-side analysts forecast that Computacenter plc will post 187.5 earnings per share for the current fiscal year.

Insider Transactions at Computacenter

In other news, insider Kelly Kuhn acquired 1,035 shares of the business’s stock in a transaction dated Friday, July 24th. The shares were bought at an average cost of GBX 4,836 per share, for a total transaction of £50,052.60. Also, insider Keith Mortimer sold 181 shares of Computacenter stock in a transaction dated Friday, July 31st. The shares were sold at an average price of GBX 4,608, for a total value of £8,340.48. 43.80% of the stock is currently owned by insiders.

About Computacenter

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.