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

Computacenter plc (LON:CCC) shares passed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of GBX 2,573.54 and traded as high as GBX 2,987.54. Computacenter shares last traded at GBX 2,978, with a volume of 190,987 shares traded.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on CCC. UBS Group reaffirmed a “buy” rating and set a GBX 2,700 price target on shares of Computacenter in a research report on Friday, September 5th. Jefferies Financial Group reissued a “buy” rating and issued a GBX 3,200 price target on shares of Computacenter in a report on Wednesday, September 10th. Berenberg Bank reaffirmed a “hold” rating and set a GBX 2,425 target price on shares of Computacenter in a report on Tuesday, September 9th. Finally, JPMorgan Chase & Co. increased their price target on shares of Computacenter from GBX 3,000 to GBX 3,300 and gave the stock an “overweight” rating in a report on Thursday, December 4th. Three analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. According to MarketBeat.com, Computacenter currently has an average rating of “Moderate Buy” and an average target price of GBX 2,906.25.

Computacenter Stock Performance

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 firm has a market capitalization of £3.12 billion, a PE ratio of 20.33, a price-to-earnings-growth ratio of 6.99 and a beta of 0.71. The firm’s 50 day moving average price is GBX 2,864.27 and its 200-day moving average price is GBX 2,573.37.

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.