Computacenter (LON:CCC) Stock Crosses Above 200 Day Moving Average – Time to Sell?

Shares of Computacenter plc (LON:CCC) crossed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of GBX 3,441.58 and traded as high as GBX 4,394. Computacenter shares last traded at GBX 4,328, with a volume of 346,616 shares trading hands.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on CCC. Berenberg Bank reiterated a “hold” rating and set a GBX 3,450 price objective on shares of Computacenter in a research note 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 upgraded Computacenter to a “buy” rating and raised their price target for the company from GBX 4,400 to GBX 5,000 in a report on Thursday, June 25th. Three investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. According to MarketBeat.com, Computacenter has an average rating of “Moderate Buy” and a consensus target price of GBX 4,162.50.

Computacenter Trading Down 1.9%

The stock has a market cap of £4.54 billion, a PE ratio of 29.75, a PEG ratio of 6.99 and a beta of 0.93. The company has a quick ratio of 0.94, a current ratio of 1.17 and a debt-to-equity ratio of 22.53. The stock’s fifty day moving average price is GBX 4,110.29 and its 200 day moving average price is GBX 3,441.58.

Insider Transactions at Computacenter

In other Computacenter news, insider Keith Mortimer bought 203 shares of the business’s stock in a transaction on Friday, May 8th. The shares were acquired at an average cost of GBX 1,772 per share, for a total transaction of £3,597.16. Company insiders own 43.80% of the company’s stock.

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.