Softcat plc (LON:SCT - Get Free Report) passed below its 50 day moving average during trading on Friday . The stock has a 50 day moving average of GBX 1,708.55 ($22.95) and traded as low as GBX 1,568 ($21.06). Softcat shares last traded at GBX 1,587.73 ($21.33), with a volume of 153,408 shares changing hands.
Wall Street Analyst Weigh In
Several research firms have recently weighed in on SCT. Liberum Capital upgraded Softcat to a "buy" rating and set a GBX 1,800 ($24.18) target price on the stock in a research report on Thursday, July 24th. JPMorgan Chase & Co. restated a "neutral" rating on shares of Softcat in a research report on Friday, July 18th. Finally, Shore Capital restated a "buy" rating and issued a GBX 1,950 ($26.19) target price on shares of Softcat in a research report on Friday, August 1st.
Check Out Our Latest Stock Report on Softcat
Softcat Stock Performance
The stock has a market cap of £3.11 billion, a PE ratio of 26.14, 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. The stock has a 50-day moving average of GBX 1,704.38 and a 200 day moving average of GBX 1,655.48.
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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