Analysts Set Softcat plc (LON:SCT) Price Target at GBX 1,442.50

Softcat plc (LON:SCT) has received an average recommendation of “Hold” from the six research firms that are presently covering the firm, Marketbeat reports. Two equities research analysts have rated the stock with a sell rating, two have assigned a hold rating and two have issued a buy rating on the company. The average 12-month price objective among analysts that have updated their coverage on the stock in the last year is GBX 1,442.50 ($19.30).

A number of brokerages recently issued reports on SCT. Jefferies Financial Group cut Softcat to an “underperform” rating and lowered their price objective for the company from GBX 1,950 ($26.08) to GBX 1,490 ($19.93) in a research note on Friday, July 5th. Shore Capital cut Softcat to a “hold” rating in a research report on Wednesday, June 26th. Finally, JPMorgan Chase & Co. reiterated an “underweight” rating and set a GBX 1,250 ($16.72) price target on shares of Softcat in a research report on Thursday, July 25th.

Softcat Trading Up 0.1 %

LON SCT opened at GBX 1,553 ($20.77) on Tuesday. The stock has a market capitalization of £3.09 billion, a price-to-earnings ratio of 2,766.07, a PEG ratio of 11.51 and a beta of 0.71. Softcat has a one year low of GBX 1,150 ($15.38) and a one year high of GBX 1,855 ($24.81). The company has a debt-to-equity ratio of 3.57, a current ratio of 1.59 and a quick ratio of 1.38. The business’s fifty day moving average is GBX 1,552.38 and its 200-day moving average is GBX 1,613.24.

Softcat Company Profile

Softcat plc operates as a value-added IT reseller and IT infrastructure solutions provider in the United Kingdom. The company advices, procures, designs, implements, and manages technology, such as software licensing, workplace technology, networking, security, and cloud and datacenter for businesses and public sector organizations.