Computacenter (LON:CCC) Stock Crosses Above 200 Day Moving Average - Here's Why

Key Points

• Computacenter shares crossed above their 200-day moving average, reaching GBX 5,085.99 and last trading at GBX 5,085, up 0.8% with 123,967 shares changing hands.
• Analyst sentiment is broadly positive: all four covering analysts rate the stock a Buy, with a consensus price target of GBX 4,825. Berenberg and Jefferies set targets of GBX 5,300, while JPMorgan raised its target to GBX 5,000.
• The company has a market capitalization of approximately £5.34 billion and insiders own 43.8% of its shares; recent insider activity included a purchase by Kelly Kuhn and a sale by Keith Mortimer.

Computacenter plc (LON:CCC - Get Free Report)'s stock price crossed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of GBX 3,852.51 and traded as high as GBX 5,085.99. Computacenter shares last traded at GBX 5,085, with a volume of 123,967 shares trading hands.

Analyst Ratings Changes

CCC has been the topic of a number of analyst reports. Berenberg Bank upped their target price on 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 raised their price target for the stock from GBX 4,500 to GBX 5,000 in a research note on Friday, July 10th. Finally, Jefferies Financial Group restated a "buy" rating and set a GBX 5,300 price objective on shares of Computacenter in a report on Thursday, July 9th. Four investment analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, the stock has an average rating of "Buy" and a consensus target price of GBX 4,825.

Computacenter Stock Up 0.8%

The stock has a market cap of £5.34 billion, a PE ratio of 34.95, a price-to-earnings-growth ratio of 6.99 and a beta of 0.93. The business has a fifty day moving average of GBX 4,590.63 and a 200-day moving average of GBX 3,852.51. The company has a debt-to-equity ratio of 22.53, a current ratio of 1.17 and a quick ratio of 0.94.

Insiders Place Their Bets

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

Computacenter Company Profile

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.

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