Computacenter (LON:CCC) Shares Pass Below 200 Day Moving Average of $2,696.38

Computacenter plc (LON:CCCGet Rating) shares passed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of GBX 2,696.38 ($33.03) and traded as low as GBX 2,350.80 ($28.79). Computacenter shares last traded at GBX 2,354 ($28.83), with a volume of 50,884 shares.

Several equities research analysts have weighed in on CCC shares. Morgan Stanley lowered their target price on Computacenter from GBX 2,850 ($34.91) to GBX 2,800 ($34.30) and set an “equal weight” rating for the company in a report on Friday, March 25th. Berenberg Bank restated a “buy” rating and issued a GBX 3,600 ($44.10) price objective on shares of Computacenter in a report on Wednesday, April 20th.

The company has a debt-to-equity ratio of 25.50, a current ratio of 1.21 and a quick ratio of 0.96. The firm has a fifty day moving average of GBX 2,566.16 and a two-hundred day moving average of GBX 2,696.38. The stock has a market capitalization of £2.69 billion and a P/E ratio of 14.63.

About Computacenter (LON:CCC)

Computacenter plc provides information technology (IT) infrastructure and operations services in the United Kingdom, Germany, France, North America, and internationally. The company offers workplace solutions, including endpoint management, field and lifecycle, virtual desktop, managed print, service desk and remote support, application, collaboration management, and experience management services, as well as device as a service; applications and data solutions, including software development, software lifecycle management, cloud and application support, application migration, data and analytics, user experience, and process automation services; cloud and data center solutions, which include data center, cloud platform, marketplace software sourcing, private cloud, enterprise cloud, finops, data center deployment, cloud optimization, application migration, infrastructure and cloud managed, and application platform services.

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