Computacenter (LON:CCC) Share Price Crosses Above 200-Day Moving Average of $1,248.32

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 $1,248.32 and traded as high as $1,380.00. Computacenter shares last traded at $1,333.00, with a volume of 132,105 shares.

A number of research analysts have recently issued reports on CCC shares. UBS Group downgraded Computacenter to a “neutral” rating and lifted their price target for the company from GBX 1,450 ($18.95) to GBX 1,485 ($19.40) in a report on Wednesday, September 4th. Barclays raised shares of Computacenter to an “equal weight” rating and increased their price objective for the company from GBX 1,025 ($13.39) to GBX 1,260 ($16.46) in a report on Monday, July 8th. Finally, Berenberg Bank reaffirmed a “hold” rating and issued a GBX 1,500 ($19.60) price target on shares of Computacenter in a research note on Friday, August 23rd.

The company has a market capitalization of $1.52 billion and a price-to-earnings ratio of 18.57. The stock’s fifty day simple moving average is GBX 1,389.94 and its 200-day simple moving average is GBX 1,248.32. The company has a current ratio of 1.25, a quick ratio of 1.04 and a debt-to-equity ratio of 50.40.

The firm also recently announced a dividend, which will be paid on Friday, October 11th. Stockholders of record on Thursday, September 12th will be given a dividend of GBX 10.10 ($0.13) per share. This represents a dividend yield of 0.71%. The ex-dividend date is Thursday, September 12th. Computacenter’s dividend payout ratio (DPR) is presently 0.45%.

About Computacenter (LON:CCC)

Computacenter plc provides information technology (IT) infrastructure services in the United Kingdom, Germany, France, and internationally. The company offers endpoint, infrastructure, cyber security, information security management, and identity and access management solutions; network solutions, including local area and datacenter network, smart infrastructure, and audio-visual solutions; and datacenter solutions, such as enterprise computing, hybrid cloud, data and storage management, and analytics and big data.

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