Softcat’s (SCT) Sell Rating Reaffirmed at UBS Group

UBS Group reissued their sell rating on shares of Softcat (LON:SCT) in a research report released on Friday morning, MarketBeat reports. The brokerage currently has a GBX 1,400 price objective on the stock.

A number of other research firms also recently weighed in on SCT. Citigroup cut their price target on shares of Softcat from GBX 2,000 to GBX 1,960 and set a “buy” rating on the stock in a research note on Tuesday, August 19th. 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, October 13th. Finally, Liberum Capital upgraded Softcat to a “buy” rating and set a GBX 1,800 price objective on the stock in a report on Thursday, July 24th. Three analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Hold” and a consensus target price of GBX 1,744.83.

Softcat Trading Down 2.3%

Shares of Softcat stock opened at GBX 1,532 on Friday. Softcat has a fifty-two week low of GBX 1,427 and a fifty-two week high of GBX 1,960. The firm has a market cap of £3.05 billion, a PE ratio of 2,451.20, a P/E/G ratio of 11.51 and a beta of 0.71. The business’s fifty day moving average is GBX 1,578.24 and its two-hundred day moving average is GBX 1,652.12. The company has a quick ratio of 1.38, a current ratio of 1.60 and a debt-to-equity ratio of 3.48.

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.