Computacenter (LON:CCC) Stock Price Passes Above 200 Day Moving Average - What's Next?

Key Points

• Computacenter's stock price recently surpassed its 200-day moving average, reaching a high of GBX 2,722 ($36.30), with the last trade at GBX 2,684.22 ($35.80).
• Brokerages hold a consensus rating of "Moderate Buy" for Computacenter, with price targets ranging from GBX 2,425 to GBX 3,200, indicating positive market sentiment.
• The company reported a quarterly earnings per share (EPS) of GBX 52.80, and forecasts suggest an EPS of 187.5 for the current fiscal year.

Computacenter plc (LON:CCC - Get Free Report)'s stock price crossed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of GBX 2,420.21 ($32.28) and traded as high as GBX 2,722 ($36.30). Computacenter shares last traded at GBX 2,684.22 ($35.80), with a volume of 96,446 shares trading hands.

Analyst Upgrades and Downgrades

Several brokerages recently weighed in on CCC. UBS Group reissued a "buy" rating and set a GBX 2,700 price target on shares of Computacenter in a research report 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 report on Wednesday, September 10th. Finally, Berenberg Bank reiterated a "hold" rating and issued a GBX 2,425 price target on shares of Computacenter in a research note on Tuesday, September 9th. Two 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 company currently has a consensus rating of "Moderate Buy" and an average price target of GBX 2,775.

Computacenter Price Performance

The firm's 50-day moving average is GBX 2,441.80 and its 200-day moving average is GBX 2,420.21. 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 company has a market capitalization of £2.77 billion, a P/E ratio of 1,802.05, a price-to-earnings-growth ratio of 6.99 and a beta of 0.71.

Computacenter (LON:CCC - Get Free Report) last issued its quarterly earnings data on Tuesday, September 9th. The company reported GBX 52.80 earnings per share (EPS) for the quarter. Computacenter had a net margin of 2.64% and a return on equity of 17.61%. Analysts predict 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.

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