Computacenter (LON:CCC) Stock Price Passes Above 200 Day Moving Average – Should You Sell?

Computacenter plc (LON:CCC)’s share price crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of GBX 3,269.92 and traded as high as GBX 4,492. Computacenter shares last traded at GBX 4,376.56, with a volume of 130,027 shares changing hands.

Analyst Ratings Changes

A number of analysts have recently commented on CCC shares. Berenberg Bank reissued a “hold” rating and issued a GBX 3,450 price objective on shares of Computacenter in a research note on Monday, March 16th. JPMorgan Chase & Co. boosted their price objective 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 restated a “buy” rating and issued a GBX 4,400 target price on shares of Computacenter in a report on Thursday, May 28th. Three investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. According to MarketBeat, Computacenter has an average rating of “Moderate Buy” and a consensus price target of GBX 4,012.50.

Computacenter Stock Down 1.8%

The company has a debt-to-equity ratio of 22.53, a current ratio of 1.17 and a quick ratio of 0.95. The firm has a market cap of £4.59 billion, a PE ratio of 30.08, a P/E/G ratio of 6.99 and a beta of 0.90. The business has a fifty day moving average price of GBX 3,686.41 and a two-hundred day moving average price of GBX 3,269.92.

Computacenter (LON:CCC) last issued its quarterly earnings results on Thursday, March 12th. The company reported GBX 176.30 earnings per share for the quarter. Computacenter had a return on equity of 14.84% and a net margin of 1.79%. On average, analysts anticipate that Computacenter plc will post 187.5 EPS for the current fiscal year.

Insider Transactions at Computacenter

In other news, insider Keith Mortimer acquired 203 shares of Computacenter stock in a transaction that occurred on Friday, May 8th. The stock was purchased at an average price of GBX 1,772 per share, with a total value of £3,597.16. Insiders own 36.63% 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.