Softcat's (SCT) Buy Rating Reiterated at Shore Capital

Key Points

• Shore Capital has reiterated a "buy" rating for Softcat (SCT) with a price target of GBX 1,950 ($25.76), indicating a potential upside of 21.88%.
• Other analysts, including Liberum Capital, have also upgraded Softcat to a "buy" rating, suggesting a positive sentiment around the stock.
• Softcat's stock opened at GBX 1,600 ($21.14) and has a market capitalization of £3.18 billion, with reported debt-to-equity and P/E ratios indicating financial leverage and valuation metrics.

Softcat (LON:SCT - Get Free Report)'s stock had its "buy" rating reissued by equities research analysts at Shore Capital in a note issued to investors on Friday, Marketbeat Ratings reports. They presently have a GBX 1,950 ($25.76) price objective on the stock. Shore Capital's price target suggests a potential upside of 21.88% from the company's current price.

Several other research firms have also issued reports on SCT. Liberum Capital raised Softcat to a "buy" rating and set a GBX 1,800 ($23.78) price target for the company in a research report on Thursday, July 24th. JPMorgan Chase & Co. reissued a "neutral" rating on shares of Softcat in a research report on Friday, July 18th.

Softcat Stock Performance

Shares of Softcat stock opened at GBX 1,600 ($21.14) on Friday. The company has a current ratio of 1.60, a quick ratio of 1.38 and a debt-to-equity ratio of 3.48. The firm has a market capitalization of £3.18 billion, a P/E ratio of 26.79, a P/E/G ratio of 11.51 and a beta of 0.71. The business has a fifty day simple moving average of GBX 1,730.10 and a two-hundred day simple moving average of GBX 1,648.53. Softcat has a 12 month low of GBX 1,427 ($18.85) and a 12 month high of GBX 1,960 ($25.89).

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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