Analysts Set Softcat plc (LON:SCT) Price Target at GBX 1,442.50

Softcat plc (LON:SCT) has been given a consensus rating of “Hold” by the six research firms that are presently covering the firm, Marketbeat Ratings reports. Two analysts have rated the stock with a sell rating, two have given a hold rating and two have assigned a buy rating to the company. The average 12-month target price among analysts that have updated their coverage on the stock in the last year is GBX 1,442.50 ($18.88).

A number of equities analysts recently commented on the company. Jefferies Financial Group lowered Softcat to an “underperform” rating and cut their price objective for the stock from GBX 1,950 ($25.52) to GBX 1,490 ($19.50) in a research note on Friday, July 5th. JPMorgan Chase & Co. restated an “underweight” rating and issued a GBX 1,250 ($16.36) price target on shares of Softcat in a research report on Thursday, July 25th. Finally, Shore Capital cut shares of Softcat to a “hold” rating in a research report on Wednesday, June 26th.

Softcat Trading Down 2.3 %

LON SCT opened at GBX 1,523 ($19.93) on Tuesday. The firm has a market capitalization of £3.03 billion, a PE ratio of 2,748.21, a price-to-earnings-growth ratio of 11.51 and a beta of 0.71. The business’s 50-day moving average price is GBX 1,551.52 and its two-hundred day moving average price is GBX 1,613.83. The company has a current ratio of 1.59, a quick ratio of 1.38 and a debt-to-equity ratio of 3.57. Softcat has a 12 month low of GBX 1,150 ($15.05) and a 12 month high of GBX 1,855 ($24.28).

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.