Computacenter (LON:CCC) Shares Cross Above Two Hundred Day Moving Average – Here’s Why

Computacenter plc (LON:CCC) shares passed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of GBX 2,430.45 ($32.50) and traded as high as GBX 2,672 ($35.73). Computacenter shares last traded at GBX 2,670 ($35.70), with a volume of 107,453 shares traded.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on CCC. Jefferies Financial Group reaffirmed a “buy” rating and issued a GBX 3,200 price objective on shares of Computacenter in a research report on Wednesday, September 10th. Berenberg Bank reaffirmed a “hold” rating and issued a GBX 2,425 price objective on shares of Computacenter in a research report on Tuesday, September 9th. Finally, UBS Group reaffirmed a “buy” rating and issued a GBX 2,700 price objective on shares of Computacenter in a research report on Friday, September 5th. Two research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of GBX 2,775.

Computacenter Stock Up 0.1%

The stock’s 50-day moving average price is GBX 2,485.65 and its two-hundred day moving average price is GBX 2,430.45. The stock has a market capitalization of £2.80 billion, a P/E ratio of 18.25, a P/E/G ratio of 6.99 and a beta of 0.71. The company has a current ratio of 1.31, a quick ratio of 0.95 and a debt-to-equity ratio of 12.47.

Computacenter (LON:CCC) last released its earnings results on Tuesday, September 9th. The company reported GBX 52.80 earnings per share for the quarter. Computacenter had a net margin of 2.64% and a return on equity of 17.61%. As a group, research analysts expect that Computacenter plc will post 187.5 earnings per share for the current fiscal year.

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.