Computacenter (LON:CCC) Shares Cross Above Two Hundred Day Moving Average – Should You Sell?

Computacenter plc (LON:CCC) passed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of GBX 2,630.86 and traded as high as GBX 3,167.28. Computacenter shares last traded at GBX 3,112, with a volume of 286,321 shares trading hands.

Wall Street Analyst Weigh In

Separately, JPMorgan Chase & Co. increased their target price on shares of Computacenter from GBX 3,000 to GBX 3,300 and gave the stock an “overweight” rating in a research note on Thursday, December 4th. Three equities research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of GBX 2,906.25.

Computacenter Stock Down 0.2%

The company has a market capitalization of £3.26 billion, a price-to-earnings ratio of 21.20, a PEG ratio of 6.99 and a beta of 0.71. The company has a current ratio of 1.31, a quick ratio of 0.95 and a debt-to-equity ratio of 12.47. The firm’s 50 day simple moving average is GBX 2,962.66 and its 200-day simple moving average is GBX 2,630.86.

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.