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

Computacenter plc (LON:CCC)’s stock price passed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of GBX 3,749.33 and traded as high as GBX 4,881.20. Computacenter shares last traded at GBX 4,852, with a volume of 163,330 shares changing hands.

Analyst Upgrades and Downgrades

CCC has been the subject of a number of analyst reports. Berenberg Bank boosted their target price on shares of Computacenter from GBX 3,450 to GBX 5,300 and gave the company a “buy” rating in a research note on Monday, July 20th. JPMorgan Chase & Co. raised Computacenter to an “overweight” rating and lifted their price target for the company from GBX 4,500 to GBX 5,000 in a report on Friday, July 10th. Finally, Jefferies Financial Group reiterated a “buy” rating and set a GBX 5,300 price objective on shares of Computacenter in a research report on Thursday, July 9th. Four investment analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, the company presently has a consensus rating of “Buy” and a consensus target price of GBX 4,825.

Computacenter Trading Down 0.5%

The firm has a market capitalization of £5.07 billion, a P/E ratio of 33.18, a PEG ratio of 6.99 and a beta of 0.93. The business’s 50 day moving average is GBX 4,476.23 and its two-hundred day moving average is GBX 3,761.88. The company has a quick ratio of 0.94, a current ratio of 1.17 and a debt-to-equity ratio of 22.53.

Insider Buying and Selling

In other news, insider Kelly Kuhn purchased 1,035 shares of the firm’s stock in a transaction on Friday, July 24th. The stock was purchased at an average cost of GBX 4,836 per share, with a total value of £50,052.60. Also, insider Keith Mortimer sold 181 shares of Computacenter stock in a transaction on Friday, July 31st. The shares were sold at an average price of GBX 4,608, for a total value of £8,340.48. Corporate insiders own 43.80% of the company’s stock.

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.