Computacenter (LON:CCC) Shares Cross Above Two Hundred Day Moving Average - Here's Why

Key Points

• Computacenter shares crossed above their 200-day moving average, reaching GBX 5,465 before last trading at GBX 5,240, compared with a 200-day average of GBX 4,242.58.
• Analysts remain bullish: JPMorgan, Jefferies and Berenberg maintained or issued positive ratings, with price targets ranging from GBX 6,000 to GBX 6,500. The consensus rating is “Buy,” with an average target of GBX 5,675.
• The company reported quarterly EPS of GBX 103, while analysts expect full-year EPS of GBX 187.5. Insiders own 43.8% of the stock; recent activity included a director purchase and another insider sale.

Computacenter plc (LON:CCC - Get Free Report) crossed above its 200-day moving average during trading on Thursday. The stock has a 200-day moving average of GBX 4,242.58 and traded as high as GBX 5,465. Computacenter shares last traded at GBX 5,240, with a volume of 165,030 shares trading hands.

Analyst Ratings Changes

CCC has been the topic of several research reports. JPMorgan Chase & Co. increased their target price on Computacenter from GBX 5,000 to GBX 6,000 and gave the stock an "overweight" rating in a research report on Monday, September 7th. Jefferies Financial Group reissued a "buy" rating and set a GBX 6,500 price target on shares of Computacenter in a research report on Tuesday, September 8th. Finally, Berenberg Bank upped their price target 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. Four research analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, Computacenter presently has an average rating of "Buy" and a consensus price target of GBX 5,675.

Computacenter Price Performance

The stock has a market cap of £5.50 billion, a PE ratio of 36.01, a price-to-earnings-growth ratio of 6.99 and a beta of 0.95. The company has a quick ratio of 0.94, a current ratio of 1.10 and a debt-to-equity ratio of 20.49. The company's fifty day moving average is GBX 5,095.16 and its 200 day moving average is GBX 4,242.58.

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

Insider Buying and Selling at Computacenter

In related news, insider Keith Mortimer sold 283 shares of the company's stock in a transaction on Thursday, July 16th. The shares were sold at an average price of GBX 4,550, for a total transaction of £12,876.50. Also, insider Kelly Kuhn purchased 1,035 shares of the firm's stock in a transaction that occurred on Friday, July 24th. The shares were acquired at an average cost of GBX 4,836 per share, with a total value of £50,052.60. Insiders own 43.80% of the company's stock.

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. Computacenter is a public company quoted on the London FTSE 250 (CCC.L) and employs over 20,000 people worldwide.

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