Computacenter (LON:CCC) Stock Crosses Above Two Hundred Day Moving Average – Here’s Why

Shares of Computacenter plc (LON:CCC) passed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of GBX 3,327.63 and traded as high as GBX 4,232. Computacenter shares last traded at GBX 4,144, with a volume of 217,355 shares traded.

Analyst Ratings Changes

Several analysts have recently commented on CCC shares. Jefferies Financial Group restated a “buy” rating and issued a GBX 4,400 target price on shares of Computacenter in a research note on Thursday, May 28th. JPMorgan Chase & Co. increased their price target on shares of Computacenter from GBX 4,000 to GBX 4,500 and gave the company an “overweight” rating in a report on Friday, May 29th. Finally, Berenberg Bank reiterated a “hold” rating and issued a GBX 3,450 price target on shares of Computacenter in a report on Monday, March 16th. Three equities research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of GBX 4,012.50.

Computacenter Price Performance

The stock’s fifty day moving average price is GBX 3,875.35 and its 200-day moving average price is GBX 3,344.30. The company has a debt-to-equity ratio of 22.53, a quick ratio of 0.95 and a current ratio of 1.17. The firm has a market cap of £4.38 billion, a PE ratio of 28.70, a P/E/G ratio of 6.99 and a beta of 0.93.

Insider Activity at Computacenter

In other news, insider Keith Mortimer purchased 203 shares of the stock in a transaction dated Friday, May 8th. The stock was acquired at an average cost of GBX 1,772 per share, for a total transaction of £3,597.16. 43.80% of the stock is currently owned by company insiders.

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.

Computacenter is a public company quoted on the London FTSE 250 (CCC.L) and employs over 20,000 people worldwide.