Softcat (SCT) Price Target Raised to GBX 600

Softcat (LON:SCT) had its price objective hoisted by Citigroup from GBX 510 ($7.05) to GBX 600 ($8.29) in a report released on Thursday. The firm currently has a neutral rating on the stock.

Separately, Berenberg Bank restated a hold rating and issued a GBX 425 ($5.87) price objective on shares of Softcat in a report on Wednesday, November 29th.

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Shares of Softcat stock opened at GBX 646 ($8.93) on Thursday. The firm has a market capitalization of $1,270.00 and a price-to-earnings ratio of 3,230.00. Softcat has a 1-year low of GBX 332.25 ($4.59) and a 1-year high of GBX 722.93 ($9.99).

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Softcat 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.

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