Computacenter (LON:CCC) Share Price Crosses Above 200-Day Moving Average - Should You Sell?

Key Points

• Price breakout: Computacenter's shares crossed above their 200-day moving average (GBX 2,952.43), trading around GBX 3,060 with an intraday high of GBX 3,114 — a common bullish technical signal.
• Analyst sentiment: Three analysts rate the stock Buy and one rates it Hold, giving a consensus "Moderate Buy" and an average target price of GBX 3,612.50 after recent target upgrades up to GBX 3,800.
• Key fundamentals: The company has a market cap of £3.34bn, trailing PE ~21.9 and last quarter EPS of GBX 176.30, but a low net margin (1.79%) and modest liquidity (current ratio 1.17) point to mixed profitability metrics.

Computacenter plc (LON:CCC - Get Free Report)'s stock price passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of GBX 2,952.43 and traded as high as GBX 3,114. Computacenter shares last traded at GBX 3,060, with a volume of 107,777 shares traded.

Analyst Ratings Changes

A number of equities analysts recently commented on CCC shares. JPMorgan Chase & Co. lifted their target price on shares of Computacenter from GBX 3,300 to GBX 3,500 and gave the stock an "overweight" rating in a research report on Friday, January 23rd. Jefferies Financial Group lifted their target price on shares of Computacenter from GBX 3,300 to GBX 3,800 and gave the stock a "buy" rating in a research report on Wednesday, January 14th. UBS Group reiterated a "buy" rating and issued a GBX 3,700 target price on shares of Computacenter in a research report on Friday, January 23rd. Finally, Berenberg Bank reiterated a "hold" rating and issued a GBX 3,450 target price on shares of Computacenter in a research report on Monday, March 16th. Three research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company's stock. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average target price of GBX 3,612.50.

Computacenter Price Performance

The business's 50-day simple moving average is GBX 3,059.66 and its 200-day simple moving average is GBX 2,952.43. The stock has a market cap of £3.34 billion, a PE ratio of 21.91, a PEG ratio of 6.99 and a beta of 0.85. The company has a quick ratio of 0.95, a current ratio of 1.17 and a debt-to-equity ratio of 22.53.

Computacenter (LON:CCC - Get Free Report) last released its quarterly earnings data on Thursday, March 12th. The company reported GBX 176.30 earnings per share (EPS) for the quarter. Computacenter had a net margin of 1.79% and a return on equity of 14.84%. On average, research analysts expect that Computacenter plc will post 187.5 EPS for the current fiscal 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. Computacenter is a public company quoted on the London FTSE 250 (CCC.L) and employs over 20,000 people worldwide.

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