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

Computacenter plc (LON:CCC) passed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of GBX 3,969.70 and traded as high as GBX 5,635. Computacenter shares last traded at GBX 5,505, with a volume of 189,670 shares changing hands.

Wall Street Analyst Weigh In

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

Computacenter Trading Up 1.0%

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’s 50-day moving average price is GBX 4,784.87 and its 200-day moving average price is GBX 3,986.99. The firm has a market capitalization of £5.64 billion, a PE ratio of 36.91, a PEG ratio of 6.99 and a beta of 0.93.

Insider Buying and Selling

In other news, insider Keith Mortimer sold 181 shares of the stock in a transaction dated Friday, July 31st. The shares were sold at an average price of GBX 4,608, for a total value of £8,340.48. Also, insider Kelly Kuhn purchased 1,035 shares of the stock in a transaction that occurred on Friday, July 24th. The stock was purchased at an average price of GBX 4,836 per share, for a total transaction of £50,052.60. 43.80% of the stock is currently owned by company 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.