Softcat PLC (SCT) Rating Increased to Buy at Jefferies Group LLC

Softcat PLC (LON:SCT) was upgraded by Jefferies Group LLC to a “buy” rating in a research note issued on Monday. The brokerage presently has a GBX 565 ($7.46) price target on the stock, up from their prior price target of GBX 345 ($4.55). Jefferies Group LLC’s target price would suggest a potential upside of 13.11% from the stock’s previous close.

Separately, Berenberg Bank lowered Softcat PLC to a “hold” rating and set a GBX 425 ($5.61) price target on the stock. in a research note on Tuesday, August 29th. One analyst has rated the stock with a hold rating and four have given a buy rating to the company’s stock. Softcat PLC presently has an average rating of “Buy” and a consensus price target of GBX 426 ($5.62).

Softcat PLC (LON:SCT) opened at 500.50 on Monday. The firm’s market cap is GBX 985.41 million. The stock’s 50 day moving average is GBX 423.21 and its 200 day moving average is GBX 412.38. Softcat PLC has a 12 month low of GBX 283.00 and a 12 month high of GBX 522.50.

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Softcat PLC Company Profile

Softcat Plc is an information technology (IT) reseller and IT infrastructure solutions provider to the corporate and public sector markets. The Company provides organizations with workplace, datacenter and networking, and security solutions combined with all the services required to design, implement, support and manage them, on premise or in the cloud.

Analyst Recommendations for Softcat PLC (LON:SCT)

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