Computacenter (LON:CCC) Share Price Passes Above 200 Day Moving Average – Here’s Why

Computacenter plc (LON:CCC) shares passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of GBX 3,852.51 and traded as high as GBX 5,085.99. Computacenter shares last traded at GBX 5,085, with a volume of 123,967 shares traded.

Analyst Ratings Changes

CCC has been the subject of a number of recent research reports. Berenberg Bank boosted their price target on shares of Computacenter from GBX 3,450 to GBX 5,300 and gave the company a “buy” rating in a research note on Monday, July 20th. Jefferies Financial Group reaffirmed a “buy” rating and issued a GBX 5,300 price objective on shares of Computacenter in a research note on Thursday, July 9th. Finally, JPMorgan Chase & Co. raised shares of Computacenter to an “overweight” rating and raised their price objective for the company from GBX 4,500 to GBX 5,000 in a research note on Friday, July 10th. Four research analysts have rated the stock with a Buy rating, According to MarketBeat.com, Computacenter currently has a consensus rating of “Buy” and an average target price of GBX 4,825.

Computacenter Price Performance

The stock has a market cap of £5.34 billion, a P/E ratio of 34.95, a P/E/G ratio of 6.99 and a beta of 0.93. The business has a 50 day simple moving average of GBX 4,590.63 and a 200-day simple moving average of GBX 3,852.51. The company has a debt-to-equity ratio of 22.53, a quick ratio of 0.94 and a current ratio of 1.17.

Insider Transactions at Computacenter

In related news, insider Kelly Kuhn purchased 1,035 shares of Computacenter stock in a transaction that occurred on Friday, July 24th. The stock was bought at an average price of GBX 4,836 per share, for a total transaction of £50,052.60. Also, insider Keith Mortimer sold 283 shares of the firm’s stock in a transaction dated Thursday, July 16th. The stock was sold at an average price of GBX 4,550, for a total transaction of £12,876.50. 43.80% of the stock is currently 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.