Softcat (LON:SCT) Rating Increased to Buy at Liberum Capital

Key Points

• Softcat (LON:SCT) was upgraded to a "buy" rating by Liberum Capital, with a price target of GBX 1,800, suggesting a potential upside of 10.02% from its previous close.
• JPMorgan Chase & Co. maintained a "neutral" rating on Softcat stock as of July 18th.
• Softcat's stock price increased by 1.7% on Thursday, reaching GBX 1,636 with a trading volume of 448,404 shares.
• The company specializes in providing IT infrastructure solutions and technology management for businesses and public sector organizations in the UK.

Softcat (LON:SCT - Get Free Report) was upgraded by research analysts at Liberum Capital to a "buy" rating in a report released on Thursday, Marketbeat.com reports. The firm presently has a GBX 1,800 ($24.05) target price on the stock. Liberum Capital's target price points to a potential upside of 11.46% from the company's current price.

Separately, JPMorgan Chase & Co. restated a "neutral" rating on shares of Softcat in a research note on Friday, July 18th.

Softcat Price Performance

Shares of SCT traded down GBX 10 ($0.13) during midday trading on Thursday, hitting GBX 1,615 ($21.58). 359,537 shares of the company traded hands, compared to its average volume of 811,079. The firm has a 50 day moving average of GBX 1,739.57 and a 200-day moving average of GBX 1,647.84. The company has a debt-to-equity ratio of 3.48, a quick ratio of 1.38 and a current ratio of 1.60. The stock has a market cap of £3.21 billion, a price-to-earnings ratio of 27.04, a PEG ratio of 11.51 and a beta of 0.71. Softcat has a 52 week low of GBX 1,427 ($19.06) and a 52 week high of GBX 1,960 ($26.19).

About Softcat

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.