Computacenter (LON:CCC) Share Price Crosses Above 200-Day Moving Average – What’s Next?

Computacenter plc (LON:CCC)’s stock price crossed above its 200-day moving average during trading on Thursday . The stock has a 200-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.

Analyst Ratings Changes

Several research analysts have commented on the stock. Berenberg Bank reissued a “hold” rating and issued a GBX 3,450 price target on shares of Computacenter in a report on Monday, March 16th. JPMorgan Chase & Co. lifted their price objective 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. Finally, Jefferies Financial Group upgraded Computacenter to a “buy” rating and upped their target price for the stock from GBX 4,400 to GBX 5,000 in a research note on Thursday, June 25th. Three equities research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of GBX 4,162.50.

Computacenter Stock Up 1.3%

The stock’s fifty day moving average price is GBX 4,128.84 and its 200 day moving average price is GBX 3,448.18. The company has a current ratio of 1.17, a quick ratio of 0.94 and a debt-to-equity ratio of 22.53. The stock has a market cap of £4.60 billion, a P/E ratio of 30.14, a price-to-earnings-growth ratio of 6.99 and a beta of 0.93.

Insider Transactions at Computacenter

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