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

Computacenter plc (LON:CCC)’s share price passed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of GBX 2,780.67 and traded as high as GBX 2,966. Computacenter shares last traded at GBX 2,966, with a volume of 121,069 shares changing hands.

Analysts Set New Price Targets

CCC has been the subject of a number of research analyst reports. UBS Group reaffirmed a “buy” rating and issued a GBX 3,700 price target on shares of Computacenter in a report on Friday, January 23rd. JPMorgan Chase & Co. raised their target price 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. Finally, Jefferies Financial Group lifted their price target on Computacenter from GBX 3,300 to GBX 3,800 and gave the stock a “buy” rating in a research report on Wednesday, January 14th. Three equities research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, Computacenter currently has a consensus rating of “Moderate Buy” and a consensus price target of GBX 3,356.25.

Computacenter Price Performance

The company has a debt-to-equity ratio of 12.47, a current ratio of 1.31 and a quick ratio of 0.95. The stock has a fifty day simple moving average of GBX 3,077.96 and a 200-day simple moving average of GBX 2,780.67. The company has a market capitalization of £3.11 billion, a price-to-earnings ratio of 20.25, a P/E/G 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.