Computacenter (LON:CCC) Shares Pass Above Two Hundred Day Moving Average – What’s Next?

Computacenter plc (LON:CCC) shares crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of GBX 2,705.47 and traded as high as GBX 3,344. Computacenter shares last traded at GBX 3,326.91, with a volume of 168,888 shares trading hands.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on CCC. JPMorgan Chase & Co. boosted their price target on Computacenter from GBX 3,300 to GBX 3,500 and gave the stock an “overweight” rating in a research note on Friday, January 23rd. UBS Group reiterated a “buy” rating and issued a GBX 3,700 price objective on shares of Computacenter in a report on Friday, January 23rd. Finally, Jefferies Financial Group boosted their target price on Computacenter from GBX 3,300 to GBX 3,800 and gave the stock a “buy” rating in a research report on Wednesday, January 14th. Three analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of GBX 3,356.25.

Computacenter Price Performance

The stock has a market capitalization of £3.49 billion, a P/E ratio of 22.71, a PEG ratio of 6.99 and a beta of 0.71. The company has a debt-to-equity ratio of 12.47, a quick ratio of 0.95 and a current ratio of 1.31. The firm has a fifty day moving average price of GBX 3,057.41 and a two-hundred day moving average price of GBX 2,705.47.

Computacenter Company Profile

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.