Computacenter (LON:CCC) Shares Cross Above 200-Day Moving Average – What’s Next?

Computacenter plc (LON:CCC) passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of GBX 3,379.85 and traded as high as GBX 4,262.68. Computacenter shares last traded at GBX 4,250, with a volume of 271,664 shares changing hands.

Analysts Set New Price Targets

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

Computacenter Trading Down 1.3%

The business’s 50-day moving average price is GBX 3,966.41 and its 200 day moving average price is GBX 3,379.85. The company has a debt-to-equity ratio of 22.53, a current ratio of 1.17 and a quick ratio of 0.94. The firm has a market capitalization of £4.46 billion, a price-to-earnings ratio of 29.21, a PEG ratio of 6.99 and a beta of 0.93.

Insiders Place Their Bets

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

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.