Softcat's (SCT) Neutral Rating Reiterated at JPMorgan Chase & Co.

Key Points

• JPMorgan Chase & Co. has reaffirmed a "neutral" rating for Softcat, indicating no aggressive stance on buying or selling the stock.
• Other research firms have varied opinions: Citigroup has a "buy" rating but lowered its price target to GBX 1,960, while Liberum Capital set a higher buy target at GBX 1,800.
• Softcat's current stock price is GBX 1,605 with an average price target among analysts of GBX 1,813.80, and a market capitalization of £3.20 billion.

Softcat (LON:SCT - Get Free Report)'s stock had its "neutral" rating reissued by equities research analysts at JPMorgan Chase & Co. in a note issued to investors on Thursday, MarketBeat reports.

Several other research firms also recently weighed in on SCT. Liberum Capital raised shares of Softcat to a "buy" rating and set a GBX 1,800 price target for the company in a research note on Thursday, July 24th. Shore Capital reissued a "buy" rating and set a GBX 1,950 target price on shares of Softcat in a research report on Thursday, August 28th. Finally, Citigroup decreased their target price on shares of Softcat from GBX 2,000 to GBX 1,960 and set a "buy" rating for the company in a research report on Tuesday, August 19th. Three equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus price target of GBX 1,813.80.

Softcat Stock Down 1.0%

SCT traded down GBX 16 during midday trading on Thursday, hitting GBX 1,588. The company had a trading volume of 331,399 shares, compared to its average volume of 782,622. Softcat has a 52 week low of GBX 1,427 and a 52 week high of GBX 1,960. The company has a quick ratio of 1.38, a current ratio of 1.60 and a debt-to-equity ratio of 3.48. The company has a market capitalization of £3.17 billion, a price-to-earnings ratio of 2,540.80, a PEG ratio of 11.51 and a beta of 0.71. The stock's 50 day moving average price is GBX 1,606.19 and its 200 day moving average price is GBX 1,654.63.

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.