Computacenter (LON:CCC) Stock Passes Above Two Hundred Day Moving Average – Time to Sell?

Computacenter plc (LON:CCC) crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of GBX 2,455.48 and traded as high as GBX 2,808. Computacenter shares last traded at GBX 2,736, with a volume of 92,815 shares traded.

Wall Street Analyst Weigh In

Several research firms have issued reports on CCC. Berenberg Bank reiterated a “hold” rating and set a GBX 2,425 target price on shares of Computacenter in a research report on Tuesday, September 9th. UBS Group reiterated a “buy” rating and set a GBX 2,700 target price on shares of Computacenter in a research report on Friday, September 5th. Finally, Jefferies Financial Group reissued a “buy” rating and set a GBX 3,200 price target on shares of Computacenter in a research note on Wednesday, September 10th. Two investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of GBX 2,775.

Computacenter Price Performance

The company has a 50 day moving average price of GBX 2,529.66 and a 200 day moving average price of GBX 2,455.48. The firm has a market cap of £2.96 billion, a PE ratio of 19.26, a price-to-earnings-growth 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 announced its quarterly earnings results on Tuesday, September 9th. The company reported GBX 52.80 EPS for the quarter. Computacenter had a return on equity of 17.61% and a net margin of 2.64%. On average, sell-side analysts expect that Computacenter plc will post 187.5 EPS for the current year.

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.