Softcat plc (LON:SCT) Given Consensus Recommendation of “Moderate Buy” by Analysts

Shares of Softcat plc (LON:SCT) have earned an average recommendation of “Moderate Buy” from the eight brokerages that are presently covering the company, Marketbeat.com reports. One analyst has rated the stock with a sell rating, two have assigned a hold rating and five have assigned a buy rating to the company. The average 12-month target price among analysts that have issued a report on the stock in the last year is GBX 1,976.25.

SCT has been the subject of several research analyst reports. Berenberg Bank lifted their price target on shares of Softcat from GBX 1,900 to GBX 1,950 and gave the company a “buy” rating in a research note on Tuesday, May 26th. Jefferies Financial Group reissued a “hold” rating and issued a GBX 1,700 price objective on shares of Softcat in a research note on Thursday, June 25th. Royal Bank Of Canada downgraded Softcat to a “neutral” rating and raised their price objective for the stock from GBX 1,550 to GBX 1,950 in a report on Monday, June 15th. Finally, Deutsche Bank Aktiengesellschaft lifted their target price on Softcat from GBX 1,700 to GBX 1,800 and gave the company a “buy” rating in a research report on Tuesday, May 26th.

Softcat Trading Up 0.2%

Shares of SCT opened at GBX 2,044 on Friday. The firm has a market capitalization of £4.01 billion, a price-to-earnings ratio of 29.16, a PEG ratio of 11.51 and a beta of 0.57. The company has a debt-to-equity ratio of 13.07, a current ratio of 1.25 and a quick ratio of 1.38. Softcat has a 1-year low of GBX 1,083 and a 1-year high of GBX 2,060. The company has a 50-day moving average of GBX 1,906.06 and a 200 day moving average of GBX 1,538.28.

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.