Computacenter (LON:CCC) Stock Passes Above Two Hundred Day Moving Average of $2,765.99

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 2,765.99 ($35.94) and traded as high as GBX 2,770 ($35.99). Computacenter shares last traded at GBX 2,702 ($35.11), with a volume of 351,548 shares changing hands.

Analyst Upgrades and Downgrades

A number of equities analysts recently issued reports on CCC shares. Jefferies Financial Group dropped their price target on shares of Computacenter from GBX 3,900 ($50.68) to GBX 3,800 ($49.38) and set a “buy” rating on the stock in a research note on Monday, July 29th. JPMorgan Chase & Co. cut their price target on shares of Computacenter from GBX 3,300 ($42.88) to GBX 3,050 ($39.63) and set an “overweight” rating on the stock in a report on Monday, July 29th.

Computacenter Stock Performance

The company has a quick ratio of 0.95, a current ratio of 1.26 and a debt-to-equity ratio of 13.44. The stock has a market capitalization of £3.02 billion, a P/E ratio of 1,561.85, a P/E/G ratio of 6.99 and a beta of 0.74. The business has a fifty day moving average price of GBX 2,773.45 and a 200-day moving average price of GBX 2,765.99.

Insider Buying and Selling at Computacenter

In related news, insider Ros Rivaz sold 1,570 shares of the stock in a transaction that occurred on Monday, July 29th. The shares were sold at an average price of GBX 2,707 ($35.17), for a total transaction of £42,499.90 ($55,223.36). Company insiders own 35.34% of the company’s stock.

Computacenter Company Profile

Computacenter plc provides technology and services to corporate and public sector organizations in the United Kingdom, Germany, France, North America, and internationally. The company provides workplace solutions, including device as a service, collaboration management, endpoint management, and intelligent support experience; cloud services, application and Al platforms, custom applications, and business automation; infrastructure service, data center and edge platforms, relocation and migration, and operational resilience; and networking solutions and services.