Computacenter (LON:CCC) Stock Passes Above 200 Day Moving Average - Here's Why

Key Points

• Computacenter plc's stock recently crossed above its 200-day moving average, trading as high as GBX 2,626 ($35.05) before settling at GBX 2,608 ($34.81).
• Wall Street analysts have a generally positive outlook, with two "buy" ratings and an average price target of GBX 2,775.
• The company reported earnings of GBX 52.80 per share for the last quarter and has a projected EPS of 187.5 for the current fiscal year.

Shares of Computacenter plc (LON:CCC - Get Free Report) crossed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of GBX 2,401.05 ($32.04) and traded as high as GBX 2,626 ($35.05). Computacenter shares last traded at GBX 2,608 ($34.81), with a volume of 288,578 shares.

Wall Street Analysts Forecast Growth

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

Computacenter Stock Performance

The company has a market cap of £2.75 billion, a PE ratio of 1,712.23, a P/E/G 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. The business has a fifty day moving average of GBX 2,332.30 and a 200-day moving average of GBX 2,401.05.

Computacenter (LON:CCC - Get Free Report) last announced its quarterly earnings results on Tuesday, September 9th. The company reported GBX 52.80 earnings per share (EPS) for the quarter. Computacenter had a return on equity of 17.61% and a net margin of 2.64%. Equities research analysts anticipate that Computacenter plc will post 187.5 earnings per share for the current fiscal 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.

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