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

Computacenter plc (LON:CCC)’s share price crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of GBX 2,282.60 ($29.39) and traded as high as GBX 2,578 ($33.19). Computacenter shares last traded at GBX 2,516 ($32.39), with a volume of 11,741,401 shares trading hands.

Wall Street Analysts Forecast Growth

A number of research firms have recently weighed in on CCC. Jefferies Financial Group reissued a “buy” rating and issued a GBX 3,400 ($43.77) price target on shares of Computacenter in a research note on Tuesday, December 17th. Berenberg Bank reissued a “hold” rating and issued a GBX 2,425 ($31.22) target price on shares of Computacenter in a research note on Tuesday, March 18th.

Computacenter Stock Performance

The company has a market cap of £2.67 billion, a price-to-earnings ratio of 16.84, a price-to-earnings-growth ratio of 6.99 and a beta of 0.71. The stock has a 50-day moving average price of GBX 2,274.08 and a 200 day moving average price of GBX 2,282.60. The company has a debt-to-equity ratio of 12.47, a current ratio of 1.31 and a quick ratio of 0.95.

Computacenter (LON:CCC) last announced its quarterly earnings data on Wednesday, March 19th. The company reported GBX 161.50 ($2.08) earnings per share (EPS) for the quarter. Computacenter had a net margin of 2.64% and a return on equity of 17.61%. As a group, analysts anticipate that Computacenter plc will post 187.5 EPS for the current fiscal year.

Computacenter Increases Dividend

The firm also recently declared a dividend, which will be paid on Friday, July 4th. Stockholders of record on Thursday, June 5th will be issued a dividend of GBX 474 ($6.10) per share. The ex-dividend date is Thursday, June 5th. This represents a dividend yield of 1.83%. This is a boost from Computacenter’s previous dividend of $23.30. Computacenter’s payout ratio is 47.51%.

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.