Computacenter (LON:CCC) Shares Cross Above Two Hundred Day Moving Average of $1,614.00

Computacenter plc (LON:CCC)’s stock price crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $1,614.00 and traded as high as $2,010.00. Computacenter shares last traded at $1,983.00, with a volume of 183,909 shares trading hands.

Several research firms have recently weighed in on CCC. Berenberg Bank boosted their price target on Computacenter from GBX 1,700 ($20.92) to GBX 2,450 ($30.15) and gave the stock a “buy” rating in a research note on Friday, July 24th. Citigroup began coverage on Computacenter in a research note on Monday, July 6th. They issued a “buy” rating and a GBX 2,008 ($24.71) price target for the company. UBS Group restated a “neutral” rating on shares of Computacenter in a research note on Thursday, July 23rd. Finally, Barclays boosted their price target on Computacenter from GBX 1,320 ($16.24) to GBX 1,600 ($19.69) and gave the stock an “equal weight” rating in a research note on Friday, July 10th. Two research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. The stock has a consensus rating of “Buy” and a consensus price target of GBX 1,891.60 ($23.28).

The company has a 50 day moving average price of GBX 1,693.86 and a two-hundred day moving average price of GBX 1,614. The company has a debt-to-equity ratio of 40.11, a current ratio of 1.21 and a quick ratio of 1.04. The stock has a market cap of $2.26 billion and a PE ratio of 22.28.

About Computacenter (LON:CCC)

Computacenter plc provides information technology (IT) infrastructure services in the United Kingdom, Germany, France, and internationally. The company offers endpoint, infrastructure, cyber security, information security management, and identity and access management solutions; network solutions, including local area and datacenter network, smart infrastructure, and audio-visual solutions; and datacenter solutions, such as enterprise computing, hybrid cloud, data and storage management, and analytics and big data.

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