Softcat (LON:SCT) Receives Sell Rating from UBS Group

Key Points

• UBS Group has reissued a "sell" rating on Softcat (LON:SCT) with a price target of GBX 1,400, indicating a potential downside of 8.50%.
• Overall, Softcat holds a consensus rating of "Hold" with a price target of GBX 1,744.83, with three analysts recommending a "Buy" and one analyst a "Sell".
• The company's shares recently opened at GBX 1,530, with a 52-week trading range between GBX 1,427 and GBX 1,960.

Softcat (LON:SCT - Get Free Report)'s stock had its "sell" rating reissued by investment analysts at UBS Group in a research note issued to investors on Friday,Digital Look reports. They currently have a GBX 1,400 price objective on the stock. UBS Group's target price would suggest a potential downside of 8.50% from the company's previous close.

Several other research analysts have also weighed in on SCT. JPMorgan Chase & Co. reaffirmed a "neutral" rating on shares of Softcat in a research report on Thursday, September 11th. Shore Capital reaffirmed a "buy" rating and issued a GBX 1,950 target price on shares of Softcat in a research report on Monday. Liberum Capital raised Softcat to a "buy" rating and set a GBX 1,800 price objective on the stock in a report on Thursday, July 24th. Finally, Citigroup lowered their price objective on Softcat from GBX 2,000 to GBX 1,960 and set a "buy" rating on the stock in a report on Tuesday, August 19th. Three analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, Softcat presently has a consensus rating of "Hold" and a consensus price target of GBX 1,744.83.

Softcat Stock Performance

Shares of SCT stock opened at GBX 1,530 on Friday. The company has a debt-to-equity ratio of 3.48, a current ratio of 1.60 and a quick ratio of 1.38. Softcat has a fifty-two week low of GBX 1,427 and a fifty-two week high of GBX 1,960. The stock's 50-day moving average is GBX 1,579.36 and its two-hundred day moving average is GBX 1,652.70. The firm has a market cap of £3.05 billion, a P/E ratio of 2,448.00, a PEG ratio of 11.51 and a beta of 0.71.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.