Berenberg Bank Reaffirms “Hold” Rating for Softcat (LON:SCT)

Softcat (LON:SCT)‘s stock had its “hold” rating reaffirmed by analysts at Berenberg Bank in a research note issued to investors on Monday, Digital Look reports. They currently have a GBX 1,600 ($20.77) price target on the stock. Berenberg Bank’s price target suggests a potential downside of 8.20% from the stock’s current price.

Several other equities analysts have also commented on SCT. Jefferies Financial Group lowered shares of Softcat to an “underperform” rating and lowered their price target for the stock from GBX 1,950 ($25.32) to GBX 1,490 ($19.35) in a research report on Friday, July 5th. Shore Capital restated a “buy” rating on shares of Softcat in a report on Thursday. Finally, JPMorgan Chase & Co. restated an “underweight” rating and issued a GBX 1,250 ($16.23) target price on shares of Softcat in a report on Thursday, July 25th. Two research analysts have rated the stock with a sell rating, two have given a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of GBX 1,474 ($19.14).

Softcat Price Performance

SCT traded up GBX 52.69 ($0.68) during midday trading on Monday, reaching GBX 1,743 ($22.63). 552,307 shares of the company’s stock were exchanged, compared to its average volume of 449,096. The company has a debt-to-equity ratio of 3.57, a current ratio of 1.59 and a quick ratio of 1.38. The stock has a market capitalization of £3.47 billion, a PE ratio of 3,112.46, a P/E/G ratio of 11.51 and a beta of 0.71. The business’s 50-day moving average price is GBX 1,546.02 and its 200 day moving average price is GBX 1,611.82. Softcat has a 1-year low of GBX 1,220 ($15.84) and a 1-year high of GBX 1,855 ($24.08).

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.