Computacenter (LON:CCC) Shares Cross Above Two Hundred Day Moving Average - What's Next?

Key Points

• Computacenter's shares have crossed above the 200-day moving average, currently trading at GBX 2,409.68, which suggests a potential upward trend.
• Analysts have varying opinions on the stock, with Berenberg Bank setting a target price of GBX 2,425 while Jefferies rates it a "buy" with a target of GBX 3,200, indicating a consensus rating of "Moderate Buy."
• The company's quarterly earnings per share were reported at GBX 52.80, alongside a net margin of 2.64% and a return on equity of 17.61%.

Computacenter plc (LON:CCC - Get Free Report) passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of GBX 2,393.42 ($32.24) and traded as high as GBX 2,430 ($32.74). Computacenter shares last traded at GBX 2,409.68 ($32.46), with a volume of 273,820 shares changing hands.

Analyst Ratings Changes

A number of research firms have issued reports on CCC. UBS Group reissued a "buy" rating and issued a GBX 2,700 price objective on shares of Computacenter in a report on Friday, September 5th. Berenberg Bank reissued a "hold" rating and issued a GBX 2,425 price objective on shares of Computacenter in a report on Tuesday, September 9th. Finally, Jefferies Financial Group reissued a "buy" rating and issued a GBX 3,200 price objective on shares of Computacenter in a report on Wednesday, September 10th. Two equities 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 currently has an average rating of "Moderate Buy" and an average price target of GBX 2,775.

Computacenter Stock Performance

The stock's fifty day moving average price is GBX 2,314.05 and its two-hundred day moving average price is GBX 2,397.97. The company has a debt-to-equity ratio of 12.47, a quick ratio of 0.95 and a current ratio of 1.31. The company has a market cap of £2.55 billion, a P/E ratio of 1,589.27, a P/E/G ratio of 6.99 and a beta of 0.71.

Computacenter (LON:CCC - Get Free Report) last issued its quarterly 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, equities analysts predict 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.