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

Key Points

• Computacenter shares climbed above their 200-day moving average, trading as high as GBX 5,335.68 and closing at GBX 5,285, up 0.9%.
• Analysts remain bullish: Jefferies and Berenberg set GBX 6,500 price targets, while JPMorgan raised its target to GBX 6,000. The consensus rating is “Buy,” with a GBX 5,675 price target.
• The company reported quarterly EPS of GBX 103, with analysts expecting full-year EPS of GBX 187.5; insiders own a substantial 43.8% of the shares, despite recent buying and selling activity.

Computacenter plc (LON:CCC - Get Free Report)'s stock price passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of GBX 4,147.83 and traded as high as GBX 5,335.68. Computacenter shares last traded at GBX 5,285, with a volume of 149,004 shares traded.

Wall Street Analyst Weigh In

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

Computacenter Stock Up 0.9%

The company has a market capitalization of £5.55 billion, a price-to-earnings ratio of 36.32, a P/E/G ratio of 6.99 and a beta of 0.95. The business has a fifty day simple moving average of GBX 4,985.60 and a two-hundred day simple moving average of GBX 4,147.83. The company has a quick ratio of 0.94, a current ratio of 1.10 and a debt-to-equity ratio of 20.49.

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

Insider Buying and Selling at Computacenter

In other Computacenter news, insider Keith Mortimer sold 283 shares of the stock in a transaction on Thursday, July 16th. The stock was sold at an average price of GBX 4,550, for a total transaction of £12,876.50. Also, insider Kelly Kuhn acquired 1,035 shares of the business's stock in a transaction on Friday, July 24th. The shares were bought at an average cost of GBX 4,836 per share, with a total value of £50,052.60. Corporate 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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