Softcat PLC (SCT) Rating Reiterated by Credit Suisse Group AG
Softcat PLC (LON:SCT)‘s stock had its “outperform” rating restated by investment analysts at Credit Suisse Group AG in a research report issued on Wednesday. They presently have a GBX 340 ($4.14) target price on the stock. Credit Suisse Group AG’s target price points to a potential upside of 13.33% from the company’s current price.
A number of other analysts have also recently weighed in on SCT. Berenberg Bank reissued a “buy” rating and issued a GBX 425 ($5.18) target price on shares of Softcat PLC in a research note on Thursday, September 29th. Citigroup Inc. began coverage on shares of Softcat PLC in a research note on Tuesday, September 13th. They issued a “buy” rating and a GBX 410 ($5.00) target price on the stock. One investment analyst has rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. The company has an average rating of “Buy” and a consensus target price of GBX 380 ($4.63).
Softcat PLC (LON:SCT) traded up 2.17% during midday trading on Wednesday, hitting GBX 306.50. The stock had a trading volume of 1,312,686 shares. Softcat PLC has a 52 week low of GBX 240.00 and a 52 week high of GBX 383.80. The company’s market cap is GBX 600.54 million. The stock’s 50 day moving average price is GBX 320.06 and its 200-day moving average price is GBX 328.78.
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About Softcat PLC
Softcat plc, formerly Softcat Limited, is an information technology (IT) infrastructure and services provider. The Company provides corporate and public sector organization’s with IT infrastructure solutions, including the products and services they require to design, implement, support and manage these solutions, on premise, in the cloud or a combination of both.
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