Computacenter (LON:CCC) Stock Crosses Above 200 Day Moving Average – Should You Sell?

Computacenter plc (LON:CCC)’s stock price crossed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of GBX 2,750.45 and traded as high as GBX 3,089.43. Computacenter shares last traded at GBX 3,022, with a volume of 176,712 shares traded.

Analyst Ratings Changes

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

Computacenter Stock Down 1.6%

The firm’s 50-day simple moving average is GBX 3,085.44 and its 200 day simple moving average is GBX 2,750.45. The company has a debt-to-equity ratio of 12.47, a quick ratio of 0.95 and a current ratio of 1.31. The stock has a market capitalization of £3.17 billion, a P/E ratio of 20.63, a PEG ratio of 6.99 and a beta of 0.71.

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.