Computacenter (LON:CCC) Share Price Passes Above Two Hundred Day Moving Average – Here’s Why

Computacenter plc (LON:CCC)’s share price crossed 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.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on CCC. Berenberg Bank reaffirmed a “hold” rating and set a GBX 3,450 price objective on shares of Computacenter in a research report on Monday, March 16th. JPMorgan Chase & Co. increased their target price on Computacenter from GBX 4,000 to GBX 4,500 and gave the stock an “overweight” rating in a research note on Friday, May 29th. Finally, Jefferies Financial Group reissued a “buy” rating and set a GBX 4,400 target price on shares of Computacenter in a research note on Thursday, May 28th. Three research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of GBX 4,012.50.

Computacenter Stock Down 0.5%

The stock has a market capitalization of £4.35 billion, a PE ratio of 28.48, a P/E/G ratio of 6.99 and a beta of 0.93. The firm has a 50 day moving average of GBX 3,833.15 and a two-hundred day moving average of GBX 3,327.63. The company has a current ratio of 1.17, a quick ratio of 0.95 and a debt-to-equity ratio of 22.53.

Insiders Place Their Bets

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

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.