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

Computacenter plc (LON:CCC - Get Free Report) crossed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of GBX 3,048.82 and traded as high as GBX 3,818. Computacenter shares last traded at GBX 3,771.70, with a volume of 2,488,481 shares.Get Computacenter alerts:Wall Street Analyst Weigh InCCC has been the subject of a number of research reports. Berenberg Bank reissued a "hold" rating and set a GBX 3,450 target price on shares of Computacenter in a research note on Monday, March 16th. UBS Group reissued a "buy" rating and set a GBX 3,700 target price on shares of Computacenter in a research note on Friday, January 23rd. JPMorgan Chase & Co. raised their price target on shares of Computacenter from GBX 3,500 to GBX 4,000 and gave the stock an "overweight" rating in a research note on Monday, April 27th. Finally, Jefferies Financial Group reaffirmed a "buy" rating and set a GBX 3,700 price target on shares of Computacenter in a research note on Friday, April 24th. Three analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average price target of GBX 3,712.50.View Our Latest Stock Analysis on ComputacenterComputacenter Stock Up 0.7%The firm has a fifty day simple moving average of GBX 3,173.02 and a 200-day simple moving average of GBX 3,048.82. The firm has a market cap of £3.99 billion, a price-to-earnings ratio of 26.12, a P/E/G ratio of 6.99 and a beta of 0.82. The company has a debt-to-equity ratio of 22.53, a quick ratio of 0.95 and a current ratio of 1.17. Computacenter (LON:CCC - Get Free Report) last announced its quarterly earnings results on Thursday, March 12th. The company reported GBX 176.30 earnings per share (EPS) for the quarter. Computacenter had a return on equity of 14.84% and a net margin of 1.79%. As a group, sell-side analysts expect that Computacenter plc will post 187.5 EPS for the current year. Computacenter Company Profile (Get Free Report)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.Read MoreFive stocks we like better than ComputacenterThis instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.Should You Invest $1,000 in Computacenter Right Now?Before you consider Computacenter, you'll want to hear this.MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Computacenter wasn't on the list.While Computacenter currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.View The Five Stocks Here