JPMorgan Chase & Co. Reaffirms "Neutral" Rating for Softcat (LON:SCT)

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 reaffirmed by stock analysts at JPMorgan Chase & Co. in a research report issued on Thursday,London Stock Exchange reports.

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

Softcat Stock Up 0.1%

Shares of LON SCT opened at GBX 1,605 on Thursday. The firm has a market cap of £3.20 billion, a price-to-earnings ratio of 2,568.00, a PEG ratio of 11.51 and a beta of 0.71. The company has a quick ratio of 1.38, a current ratio of 1.60 and a debt-to-equity ratio of 3.48. Softcat has a 52-week low of GBX 1,427 and a 52-week high of GBX 1,960. The business's 50 day moving average is GBX 1,609.25 and its two-hundred day moving average is GBX 1,652.36.

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.

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