Softcat plc (LON:SCT) Receives GBX 1,974.44 Average PT from Analysts

Shares of Softcat plc (LON:SCT) have earned a consensus recommendation of “Moderate Buy” from the eight analysts that are covering the firm, Marketbeat reports. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and five have issued a buy rating on the company. The average 1 year target price among brokers that have updated their coverage on the stock in the last year is GBX 1,976.25.

SCT has been the subject of several research analyst reports. Royal Bank Of Canada downgraded shares of Softcat to a “neutral” rating and upped their price objective for the company from GBX 1,550 to GBX 1,950 in a research note on Monday, June 15th. Berenberg Bank lifted their target price 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. Jefferies Financial Group reissued a “hold” rating and issued a GBX 1,700 target price on shares of Softcat in a report on Thursday, June 25th. Finally, Deutsche Bank Aktiengesellschaft upped their target price 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.

Softcat Price Performance

Shares of LON:SCT opened at GBX 2,034 on Friday. The company’s fifty day moving average price is GBX 1,901.18 and its 200 day moving average price is GBX 1,534.72. Softcat has a 12 month low of GBX 1,083 and a 12 month high of GBX 2,060. The company has a debt-to-equity ratio of 13.07, a current ratio of 1.25 and a quick ratio of 1.38. The firm has a market capitalization of £3.99 billion, a P/E ratio of 29.02, a P/E/G ratio of 11.51 and a beta of 0.57.

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. 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.