Computacenter (LON:CCC) Stock Passes Above Two Hundred Day Moving Average – Time to Sell?

Computacenter plc (LON:CCC)’s stock price crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of GBX 2,705.47 and traded as high as GBX 3,344. Computacenter shares last traded at GBX 3,326.91, with a volume of 168,888 shares traded.

Analyst Ratings Changes

A number of equities analysts have recently issued reports on CCC shares. UBS Group restated a “buy” rating and set a GBX 3,700 price objective on shares of Computacenter in a research report on Friday, January 23rd. Jefferies Financial Group raised their price target on shares of Computacenter from GBX 3,300 to GBX 3,800 and gave the stock a “buy” rating in a report on Wednesday, January 14th. Finally, JPMorgan Chase & Co. upped their price target on Computacenter from GBX 3,300 to GBX 3,500 and gave the stock an “overweight” rating in a research note on Friday, January 23rd. Three research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat, Computacenter has a consensus rating of “Moderate Buy” and a consensus price target of GBX 3,356.25.

Computacenter Price Performance

The stock has a market capitalization of £3.49 billion, a P/E ratio of 22.71, a price-to-earnings-growth 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 business has a fifty day simple moving average of GBX 3,057.41 and a 200 day simple moving average of GBX 2,705.47.

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.