Computacenter (LON:CCC) Stock Crosses Above Two Hundred Day Moving Average – What’s Next?
by Kim Johansen · The Markets DailyComputacenter plc (LON:CCC – Get Free Report)’s stock price passed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of GBX 3,379.85 and traded as high as GBX 4,262.68. Computacenter shares last traded at GBX 4,250, with a volume of 271,664 shares traded.
Wall Street Analysts Forecast Growth
A number of research analysts recently commented on CCC shares. Berenberg Bank reiterated a “hold” rating and set a GBX 3,450 price objective on shares of Computacenter in a research note on Monday, March 16th. JPMorgan Chase & Co. increased their price target on Computacenter from GBX 4,000 to GBX 4,500 and gave the company an “overweight” rating in a research note on Friday, May 29th. Finally, Jefferies Financial Group upgraded Computacenter to a “buy” rating and lifted their price target for the company from GBX 4,400 to GBX 5,000 in a research report on Thursday. Three research analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of GBX 4,162.50.
View Our Latest Report on Computacenter
Computacenter Stock Down 0.0%
The company has a debt-to-equity ratio of 22.53, a quick ratio of 0.94 and a current ratio of 1.17. The company has a market capitalization of £4.46 billion, a price-to-earnings ratio of 29.20, a P/E/G ratio of 6.99 and a beta of 0.93. The stock’s fifty day simple moving average is GBX 3,989.04 and its two-hundred day simple moving average is GBX 3,388.25.
Insider Activity at Computacenter
In other Computacenter news, insider Keith Mortimer bought 203 shares of the business’s stock in a transaction that occurred on Friday, May 8th. The stock was acquired at an average cost of GBX 1,772 per share, with a total value of £3,597.16. 43.80% of the stock is owned by insiders.
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.