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

Softcat plc (LON:SCT) has received a consensus rating of “Moderate Buy” from the nine research firms that are currently covering the firm, Marketbeat.com reports. One analyst has rated the stock with a sell rating, two have given a hold rating and six have assigned a buy rating to the company. The average 12 month target price among analysts that have issued ratings on the stock in the last year is GBX 1,974.44.

SCT has been the topic of several recent research reports. Jefferies Financial Group reiterated a “hold” rating and issued a GBX 1,700 price target on shares of Softcat in a report on Thursday, June 25th. Deutsche Bank Aktiengesellschaft upped their target price on shares of Softcat from GBX 1,700 to GBX 1,800 and gave the company a “buy” rating in a research report on Tuesday, May 26th. Royal Bank Of Canada lowered shares of Softcat to a “neutral” rating and raised their target price for the company from GBX 1,550 to GBX 1,950 in a research note on Monday, June 15th. Finally, Berenberg Bank boosted their price target on shares of Softcat from GBX 1,900 to GBX 1,950 and gave the stock a “buy” rating in a research note on Tuesday, May 26th.

Softcat Trading Up 0.2%

SCT stock opened at GBX 1,967 on Wednesday. The company has a market cap of £3.86 billion, a P/E ratio of 28.06, a PEG ratio of 11.51 and a beta of 0.58. Softcat has a twelve month low of GBX 1,083 and a twelve month high of GBX 1,996. The company has a quick ratio of 1.38, a current ratio of 1.25 and a debt-to-equity ratio of 13.07. The business has a fifty day moving average of GBX 1,816.50 and a 200-day moving average of GBX 1,468.15.

About Softcat

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.