Computacenter (LON:CCC) Shares Cross Above 200 Day Moving Average – Here’s What Happened

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 2,573.54 and traded as high as GBX 2,987.54. Computacenter shares last traded at GBX 2,978, with a volume of 190,987 shares changing hands.

Wall Street Analyst Weigh In

CCC has been the subject of a number of research analyst reports. Jefferies Financial Group reaffirmed a “buy” rating and issued a GBX 3,200 price target on shares of Computacenter in a research note on Wednesday, September 10th. Berenberg Bank reissued a “hold” rating and set a GBX 2,425 target price on shares of Computacenter in a report on Tuesday, September 9th. JPMorgan Chase & Co. upped their target price on Computacenter from GBX 3,000 to GBX 3,300 and gave the stock an “overweight” rating in a research report on Thursday, December 4th. Finally, UBS Group reaffirmed a “buy” rating and set a GBX 2,700 price target on shares of Computacenter in a research note on Friday, September 5th. Three equities research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat.com, Computacenter presently has an average rating of “Moderate Buy” and an average target price of GBX 2,906.25.

Computacenter Stock Down 0.1%

The business has a 50-day moving average price of GBX 2,864.27 and a 200-day moving average price of GBX 2,573.54. The company has a market capitalization of £3.12 billion, a price-to-earnings ratio of 20.33, a price-to-earnings-growth ratio of 6.99 and a beta of 0.71. The company has a quick ratio of 0.95, a current ratio of 1.31 and a debt-to-equity ratio of 12.47.

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.