Computacenter (LON:CCC) Stock Price Passes Above 200 Day Moving Average – Should You Sell?

Computacenter plc (LON:CCC)’s stock price passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of GBX 3,269.92 and traded as high as GBX 4,492. Computacenter shares last traded at GBX 4,376.56, with a volume of 130,027 shares.

Analyst Ratings Changes

A number of analysts have weighed in on the company. JPMorgan Chase & Co. boosted their price target on Computacenter from GBX 4,000 to GBX 4,500 and gave the stock an “overweight” rating in a research report on Friday, May 29th. Jefferies Financial Group reaffirmed a “buy” rating and issued a GBX 4,400 price target on shares of Computacenter in a research report on Thursday, May 28th. Finally, Berenberg Bank reissued a “hold” rating and set a GBX 3,450 price objective on shares of Computacenter in a research report on Monday, March 16th. Three equities research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of GBX 4,012.50.

Computacenter Stock Down 1.8%

The company has a current ratio of 1.17, a quick ratio of 0.95 and a debt-to-equity ratio of 22.53. The firm has a market cap of £4.59 billion, a price-to-earnings ratio of 30.08, a PEG ratio of 6.99 and a beta of 0.90. The firm has a 50-day moving average of GBX 3,686.41 and a two-hundred day moving average of GBX 3,269.92.

Computacenter (LON:CCC) last issued its quarterly earnings results on Thursday, March 12th. The company reported GBX 176.30 earnings per share (EPS) for the quarter. Computacenter had a return on equity of 14.84% and a net margin of 1.79%. As a group, sell-side analysts predict that Computacenter plc will post 187.5 earnings per share for the current fiscal year.

Insider Buying and Selling at Computacenter

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

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.