Softcat (LON:SCT) Rating Lowered to “Hold” at Deutsche Bank Aktiengesellschaft

Softcat (LON:SCT) was downgraded by investment analysts at Deutsche Bank Aktiengesellschaft to a “hold” rating in a note issued to investors on Wednesday,Digital Look reports. They presently have a GBX 2,140 price target on the stock, up from their prior price target of GBX 1,800. Deutsche Bank Aktiengesellschaft’s price target suggests a potential upside of 5.11% from the stock’s current price.

Several other research analysts have also issued reports on the stock. Berenberg Bank lifted their price target on shares of Softcat from GBX 1,900 to GBX 1,950 and gave the stock a “buy” rating in a research report on Tuesday, May 26th. Royal Bank Of Canada downgraded Softcat to a “neutral” rating and increased their price objective for the company from GBX 1,550 to GBX 1,950 in a research report on Monday, June 15th. Finally, Jefferies Financial Group reissued a “hold” rating and set a GBX 1,700 price objective on shares of Softcat in a research note on Thursday, June 25th. Four research analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the company has an average rating of “Hold” and an average price target of GBX 2,018.75.

Softcat Price Performance

LON:SCT opened at GBX 2,036 on Wednesday. The company has a quick ratio of 1.38, a current ratio of 1.25 and a debt-to-equity ratio of 13.07. The business’s 50-day moving average price is GBX 1,917.23 and its 200 day moving average price is GBX 1,549.20. Softcat has a 52-week low of GBX 1,083 and a 52-week high of GBX 2,084. The firm has a market cap of £4.00 billion, a P/E ratio of 29.04, a PEG ratio of 11.51 and a beta of 0.57.

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. It also offers public cloud, collaboration, connectivity, data centre and private cloud, devices, and financial solution services. In addition, the company provides IT asset management, lifecycle solutions, modern management, security, software licensing, supply chain operation, and virtual desktop and application.