Computacenter (LON:CCC) Shares Cross Above Two Hundred Day Moving Average of $2,721.35

Shares of Computacenter plc (LON:CCC) crossed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of GBX 2,721.35 ($34.39) and traded as high as GBX 2,756 ($34.83). Computacenter shares last traded at GBX 2,694 ($34.05), with a volume of 87,240 shares changing hands.

Wall Street Analyst Weigh In

CCC has been the subject of a number of recent analyst reports. Panmure Gordon initiated coverage on Computacenter in a report on Thursday, February 22nd. They set a “buy” rating and a GBX 3,350 ($42.34) target price for the company. Jefferies Financial Group reissued a “buy” rating and set a GBX 3,900 ($49.29) price objective on shares of Computacenter in a report on Wednesday, March 20th.

Computacenter Stock Down 0.1 %

The company has a debt-to-equity ratio of 14.88, a current ratio of 1.28 and a quick ratio of 0.95. The company has a market cap of £3.07 billion, a PE ratio of 1,603.57, a price-to-earnings-growth ratio of 6.99 and a beta of 0.72. The company has a fifty day moving average price of GBX 2,870.23 and a 200 day moving average price of GBX 2,721.35.

Computacenter Increases Dividend

The company also recently announced a dividend, which will be paid on Friday, July 5th. Investors of record on Thursday, June 6th will be given a GBX 47.40 ($0.60) dividend. This is an increase from Computacenter’s previous dividend of $22.60. The ex-dividend date of this dividend is Thursday, June 6th. This represents a yield of 1.61%. Computacenter’s payout ratio is presently 4,047.62%.

Computacenter Company Profile

Computacenter plc provides technology and services to corporate and public sector organizations in the United Kingdom, Germany, France, North America, and internationally. The company offers workplace solutions, including endpoint management, field and lifecycle, virtual desktop, managed print, service desk and remote support, application, collaboration management, and experience management services, as well as device as a service; applications and data solutions, including software development, software lifecycle management, cloud and application support, application migration, data and analytics, user experience, and process automation services; cloud and data center solutions, which include data center, cloud platform, marketplace software sourcing, private cloud, enterprise cloud, finops, data center deployment, cloud optimization, application migration, infrastructure and cloud managed, and application platform services.