Softcat plc (LON:SCT) Receives Average Rating of “Hold” from Brokerages

Shares of Softcat plc (LON:SCT) have been given a consensus recommendation of “Hold” by the six ratings firms that are currently covering the firm, Marketbeat.com reports. Two analysts have rated the stock with a sell recommendation, two have issued a hold recommendation and two have assigned a buy recommendation to the company. The average twelve-month price objective among analysts that have issued ratings on the stock in the last year is GBX 1,442.50 ($18.86).

Several analysts recently commented on SCT shares. Shore Capital lowered Softcat to a “hold” rating in a research note on Wednesday, June 26th. Jefferies Financial Group lowered Softcat to an “underperform” rating and decreased their target price for the stock from GBX 1,950 ($25.50) to GBX 1,490 ($19.48) in a research report on Friday, July 5th. Finally, JPMorgan Chase & Co. reiterated an “underweight” rating and issued a GBX 1,250 ($16.35) price objective on shares of Softcat in a research report on Thursday, July 25th.

Softcat Trading Up 0.6 %

LON:SCT opened at GBX 1,487 ($19.45) on Friday. The stock has a market cap of £2.96 billion, a PE ratio of 2,655.36, a price-to-earnings-growth ratio of 11.51 and a beta of 0.71. The company has a debt-to-equity ratio of 3.57, a current ratio of 1.59 and a quick ratio of 1.38. Softcat has a fifty-two week low of GBX 1,150 ($15.04) and a fifty-two week high of GBX 1,855 ($24.26). The stock’s 50-day moving average is GBX 1,588.81 and its two-hundred day moving average is GBX 1,613.58.

Softcat Company Profile

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.