Softcat (LON:SCT) Stock Rating Reaffirmed by Shore Capital

Softcat (LON:SCT)‘s stock had its “buy” rating restated by analysts at Shore Capital in a research report issued to clients and investors on Thursday, Marketbeat Ratings reports.

SCT has been the topic of a number of other reports. Jefferies Financial Group downgraded shares of Softcat to an “underperform” rating and cut their price objective for the stock from GBX 1,950 ($25.32) to GBX 1,490 ($19.35) in a report on Friday, July 5th. JPMorgan Chase & Co. reaffirmed an “underweight” rating and issued a GBX 1,250 ($16.23) price objective on shares of Softcat in a research report on Thursday, July 25th. Two research analysts have rated the stock with a sell rating, one has given a hold rating and three have assigned a buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of GBX 1,442.50 ($18.73).

Softcat Stock Performance

Shares of Softcat stock opened at GBX 1,716 ($22.28) on Thursday. The company has a market cap of £3.42 billion, a PE ratio of 3,064.29, a price-to-earnings-growth ratio of 11.51 and a beta of 0.71. The company has a quick ratio of 1.38, a current ratio of 1.59 and a debt-to-equity ratio of 3.57. Softcat has a 52 week low of GBX 1,197 ($15.54) and a 52 week high of GBX 1,855 ($24.08). The business has a 50 day moving average price of GBX 1,546.02 and a 200-day moving average price of GBX 1,611.90.

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.