Analysts Set Softcat plc (LON:SCT) Price Target at GBX 1,957

Shares of Softcat plc (LON:SCT) have received an average rating of “Moderate Buy” from the nine ratings firms that are presently covering the company, Marketbeat reports. One research analyst has rated the stock with a sell recommendation, two have given a hold recommendation and six have issued a buy recommendation on the company. The average twelve-month target price among analysts that have updated their coverage on the stock in the last year is GBX 1,974.44.

Several equities analysts have recently commented on SCT shares. Berenberg Bank increased their target price on Softcat from GBX 1,900 to GBX 1,950 and gave the company a “buy” rating in a research note on Tuesday, May 26th. Deutsche Bank Aktiengesellschaft increased their price target on Softcat from GBX 1,700 to GBX 1,800 and gave the stock a “buy” rating in a research report on Tuesday, May 26th. Royal Bank Of Canada downgraded shares of Softcat to a “neutral” rating and lifted their price objective for the company from GBX 1,550 to GBX 1,950 in a research report on Monday, June 15th. Finally, Jefferies Financial Group reaffirmed a “hold” rating and set a GBX 1,700 target price on shares of Softcat in a research note on Thursday, June 25th.

Softcat Price Performance

SCT opened at GBX 1,924.91 on Wednesday. Softcat has a twelve month low of GBX 1,083 and a twelve month high of GBX 1,977. The firm has a market cap of £3.78 billion, a price-to-earnings ratio of 27.46, a PEG ratio of 11.51 and a beta of 0.58. The company has a current ratio of 1.25, a quick ratio of 1.38 and a debt-to-equity ratio of 13.07. The company has a fifty day simple moving average of GBX 1,794.45 and a 200 day simple moving average of GBX 1,460.35.

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. It also offers public cloud, collaboration, connectivity, data centre and private cloud, devices, and financial solution services. In addition, the company provides IT asset management, lifecycle solutions, modern management, security, software licensing, supply chain operation, and virtual desktop and application.