Computacenter (LON:CCC) Share Price Breaks Above 200-Day Moving Average - Time to Sell?

Key Points

• Computacenter shares broke above their 200-day moving average, reaching GBX 5,575 and last trading at GBX 5,405, with 199,343 shares changing hands.
• Analysts remain bullish: JPMorgan, Berenberg and Jefferies issued or reaffirmed “buy”/“overweight” ratings, with targets of GBX 6,000–6,500. The consensus rating is “Buy,” with a target price of GBX 5,675.
• The company reported quarterly EPS of GBX 103, while analysts expect full-year EPS of 187.5. Computacenter has a £5.67 billion market capitalization, a P/E ratio of 37.15 and substantial insider ownership of 43.8%.

Computacenter plc (LON:CCC - Get Free Report) crossed above its 200-day moving average during trading on Friday. The stock has a 200-day moving average of GBX 4,330.01 and traded as high as GBX 5,575. Computacenter shares last traded at GBX 5,405, with a volume of 199,343 shares changing hands.

Wall Street Analysts Forecast Growth

A number of research analysts have recently issued reports on the company. JPMorgan Chase & Co. lifted their price target on Computacenter from GBX 5,000 to GBX 6,000 and gave the company an "overweight" rating in a report on Monday, September 7th. Berenberg Bank upped their price objective on Computacenter from GBX 5,300 to GBX 6,500 and gave the stock a "buy" rating in a research note on Wednesday, September 9th. Finally, Jefferies Financial Group reaffirmed a "buy" rating and set a GBX 6,500 price objective on shares of Computacenter in a research report on Tuesday, September 8th. Four research analysts have rated the stock with a Buy rating, According to MarketBeat.com, the stock currently has a consensus rating of "Buy" and a consensus target price of GBX 5,675.

Computacenter Stock Performance

The firm's 50 day moving average is GBX 5,167.76 and its 200 day moving average is GBX 4,330.01. The company has a debt-to-equity ratio of 20.49, a quick ratio of 0.94 and a current ratio of 1.10. The stock has a market cap of £5.67 billion, a P/E ratio of 37.15, a price-to-earnings-growth ratio of 6.99 and a beta of 0.95.

Computacenter (LON:CCC - Get Free Report) last announced its earnings results on Tuesday, September 8th. The company reported GBX 103 earnings per share for the quarter. Computacenter had a net margin of 1.70% and a return on equity of 21.78%. Analysts anticipate that Computacenter plc will post 187.5 EPS for the current year.

Insider Buying and Selling at Computacenter

In other Computacenter news, insider Kelly Kuhn bought 1,035 shares of the company's stock in a transaction that occurred on Friday, July 24th. The shares were purchased at an average cost of GBX 4,836 per share, for a total transaction of £50,052.60. Also, insider Keith Mortimer sold 181 shares of the business's stock in a transaction on Friday, July 31st. The stock was sold at an average price of GBX 4,608, for a total value of £8,340.48. Corporate insiders own 43.80% of the company's stock.

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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