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

Key Points

• Computacenter shares crossed above their 200-day moving average, reaching GBX 4,881.20 and closing at GBX 4,852, compared with a 200-day average of GBX 3,749.33.
• Analysts remain bullish: JPMorgan upgraded the stock to “overweight,” while Jefferies and Berenberg maintained “buy” ratings. The consensus rating is “Buy,” with a GBX 4,825 price target.
• The company has a £5.09 billion market capitalization and relatively high valuation metrics, including a P/E ratio of 33.35 and PEG ratio of 6.99. Insiders own 43.8% of the stock; one insider recently bought shares while another sold a small holding.

Computacenter plc (LON:CCC - Get Free Report)'s stock price crossed 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.

Analyst Upgrades and Downgrades

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

Computacenter Stock Performance

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 stock's fifty day moving average is GBX 4,469.75 and its two-hundred day moving average is GBX 3,749.33. The firm has a market cap of £5.09 billion, a price-to-earnings ratio of 33.35, a PEG ratio of 6.99 and a beta of 0.93.

Insider Buying and Selling

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