Computacenter (LON:CCC) Stock Crosses Above Two Hundred Day Moving Average - Time to Sell?

Computacenter plc (LON:CCC - Get Free Report)'s stock 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 ($29.51) and traded as high as GBX 2,578 ($33.33). Computacenter shares last traded at GBX 2,516 ($32.53), with a volume of 11,741,401 shares changing hands.

Wall Street Analysts Forecast Growth

CCC has been the topic of a number of recent research reports. Berenberg Bank restated a "hold" rating and issued a GBX 2,425 ($31.36) target price on shares of Computacenter in a report on Tuesday, March 18th. Jefferies Financial Group reiterated a "buy" rating and issued a GBX 3,400 ($43.96) price target on shares of Computacenter in a research report on Tuesday, December 17th.

Computacenter Trading Down 0.3 %

The company's 50-day moving average is GBX 2,290.04 and its 200 day moving average is GBX 2,282.21. The company has a current ratio of 1.31, a quick ratio of 0.95 and a debt-to-equity ratio of 12.47. The firm has a market cap of £2.63 billion, a PE ratio of 16.61, a P/E/G ratio of 6.99 and a beta of 0.71.

Computacenter (LON:CCC - Get Free Report) last released its earnings results on Wednesday, March 19th. The company reported GBX 161.50 ($2.09) earnings per share (EPS) for the quarter. Computacenter had a return on equity of 17.61% and a net margin of 2.64%. As a group, sell-side analysts predict that Computacenter plc will post 187.5 EPS for the current year.

Computacenter Increases Dividend

The firm also recently disclosed a dividend, which will be paid on Friday, July 4th. Shareholders of record on Thursday, June 5th will be given a dividend of GBX 474 ($6.13) per share. The ex-dividend date is Thursday, June 5th. This is a positive change from Computacenter's previous dividend of $23.30. This represents a yield of 1.83%. Computacenter's dividend payout ratio (DPR) is presently 47.51%.

Insider Buying and Selling at Computacenter

In other Computacenter news, insider Michael J. Norris sold 3,515 shares of the stock in a transaction that occurred on Wednesday, March 26th. The shares were sold at an average price of GBX 2,554 ($33.02), for a total value of £89,773.10 ($116,075.90). Company insiders own 36.41% 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.