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

Computacenter plc (LON:CCC)’s stock price passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of GBX 2,493.09 and traded as high as GBX 2,850. Computacenter shares last traded at GBX 2,834, with a volume of 96,378 shares traded.

Wall Street Analysts Forecast Growth

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

Computacenter Stock Performance

The company has a market capitalization of £2.99 billion, a price-to-earnings ratio of 19.46, a PEG ratio of 6.99 and a beta of 0.71. The company has a debt-to-equity ratio of 12.47, a current ratio of 1.31 and a quick ratio of 0.95. The stock has a 50 day simple moving average of GBX 2,632.64 and a two-hundred day simple moving average of GBX 2,493.09.

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