Softcat plc (LON:SCT) Given Average Recommendation of “Moderate Buy” by Brokerages

Shares of Softcat plc (LON:SCT) have been assigned a consensus rating of “Moderate Buy” from the nine research firms that are currently covering the firm, MarketBeat Ratings reports. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and six have issued a buy rating on the company. The average twelve-month price target among brokers that have updated their coverage on the stock in the last year is GBX 1,974.44.

A number of equities analysts have weighed in on the company. Berenberg Bank boosted their price target on Softcat from GBX 1,900 to GBX 1,950 and gave the stock a “buy” rating in a research report on Tuesday, May 26th. Deutsche Bank Aktiengesellschaft raised their price objective on Softcat from GBX 1,700 to GBX 1,800 and gave the company a “buy” rating in a research report on Tuesday, May 26th. Jefferies Financial Group reiterated a “hold” rating and set a GBX 1,700 target price on shares of Softcat in a research note on Thursday, June 25th. Finally, Royal Bank Of Canada lowered Softcat to a “neutral” rating and boosted their target price for the stock from GBX 1,550 to GBX 1,950 in a report on Monday, June 15th.

Softcat Trading Up 2.2%

Shares of LON:SCT opened at GBX 2,052 on Friday. Softcat has a 52-week low of GBX 1,083 and a 52-week high of GBX 2,054. The company has a debt-to-equity ratio of 13.07, a quick ratio of 1.38 and a current ratio of 1.25. The company has a market capitalization of £4.03 billion, a P/E ratio of 29.27, a price-to-earnings-growth ratio of 11.51 and a beta of 0.57. The company has a 50-day simple moving average of GBX 1,888.38 and a 200 day simple moving average of GBX 1,516.93.

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. 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.