Softcat (LON:SCT) Receives “Buy” Rating from Shore Capital

Softcat (LON:SCT)‘s stock had its “buy” rating reaffirmed by Shore Capital in a report released on Thursday, Digital Look reports.

SCT has been the topic of several other research reports. Jefferies Financial Group downgraded shares of Softcat to an “underperform” rating and cut their price objective for the company from GBX 1,950 ($25.32) to GBX 1,490 ($19.35) in a report on Friday, July 5th. JPMorgan Chase & Co. reiterated an “underweight” rating and issued a GBX 1,250 ($16.23) price target on shares of Softcat in a report on Thursday, July 25th. Two analysts have rated the stock with a sell rating, one has assigned a hold rating and three have issued a buy rating to the company. According to data from MarketBeat, the stock has an average rating of “Hold” and an average price target of GBX 1,442.50 ($18.73).

Softcat Stock Up 9.9 %

Shares of SCT traded up GBX 152.04 ($1.97) during mid-day trading on Thursday, hitting GBX 1,684.04 ($21.86). 8,545,482 shares of the company traded hands, compared to its average volume of 483,596. Softcat has a 1-year low of GBX 1,197 ($15.54) and a 1-year high of GBX 1,855 ($24.08). The company has a quick ratio of 1.38, a current ratio of 1.59 and a debt-to-equity ratio of 3.57. The company has a market capitalization of £3.35 billion, a PE ratio of 3,021.43, a price-to-earnings-growth ratio of 11.51 and a beta of 0.71. The business has a 50 day moving average of GBX 1,541.81 and a 200 day moving average of GBX 1,610.76.

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.