Softcat (LON:SCT - Free Report) had its price target reduced by Citigroup from GBX 2,000 to GBX 1,960 in a research note released on Tuesday, MarketBeat Ratings reports. They currently have a buy rating on the stock.
Several other research analysts have also weighed in on the stock. JPMorgan Chase & Co. reissued a "neutral" rating on shares of Softcat in a research note on Friday, July 18th. Liberum Capital raised shares of Softcat to a "buy" rating and set a GBX 1,800 price objective on the stock in a research note on Thursday, July 24th. Finally, Shore Capital restated a "buy" rating and set a GBX 1,950 target price on shares of Softcat in a report on Friday, August 1st. Three investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company's stock. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average target price of GBX 1,813.80.
Check Out Our Latest Stock Report on Softcat
Softcat Trading Up 0.6%
Softcat stock traded up GBX 10 during midday trading on Tuesday, hitting GBX 1,577. 140,427 shares of the stock were exchanged, compared to its average volume of 745,629. The company has a fifty day simple moving average of GBX 1,656.50 and a two-hundred day simple moving average of GBX 1,654.95. Softcat has a 52 week low of GBX 1,427 and a 52 week high of GBX 1,960. The stock has a market capitalization of £3.14 billion, a PE ratio of 26.40, a P/E/G 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.
About Softcat
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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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