Softcat plc (LON:SCT) Given Average Recommendation of "Hold" by Brokerages

Key Points

• Softcat plc has received an average recommendation of "Hold" from six research firms, with ratings of one "sell", two "hold", and three "buy".
• The company's shares traded down 1.8% to GBX 1,539, with a 1-year price range between GBX 1,427 and 1,960.
• Brokerages set an average one-year price target for Softcat at GBX 1,744.83, with individual targets ranging from GBX 1,400 to 1,950.

Softcat plc (LON:SCT - Get Free Report) has been given an average recommendation of "Hold" by the six research firms that are covering the stock, Marketbeat.com reports. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and three have assigned a buy rating to the company. The average 1 year price target among brokerages that have covered the stock in the last year is GBX 1,744.83.

SCT has been the subject of several research reports. UBS Group reaffirmed a "sell" rating and set a GBX 1,400 price target on shares of Softcat in a report on Friday. JPMorgan Chase & Co. reissued a "neutral" rating on shares of Softcat in a report on Thursday, September 11th. Shore Capital reissued a "buy" rating and set a GBX 1,950 target price on shares of Softcat in a report on Monday. Liberum Capital raised Softcat to a "buy" rating and set a GBX 1,800 target price for the company in a report on Thursday, July 24th. Finally, Citigroup dropped their target price on Softcat from GBX 2,000 to GBX 1,960 and set a "buy" rating for the company in a report on Tuesday, August 19th.

Softcat Stock Down 1.8%

Shares of LON SCT traded down GBX 29 during trading hours on Friday, hitting GBX 1,539. The company had a trading volume of 145,837 shares, compared to its average volume of 732,882. The stock has a market capitalization of £3.07 billion, a P/E ratio of 2,462.40, a price-to-earnings-growth 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 1-year low of GBX 1,427 and a 1-year high of GBX 1,960. The firm's 50 day moving average is GBX 1,579.36 and its 200-day moving average is GBX 1,652.70.

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.

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