Softcat (LON:SCT) Price Target Cut to GBX 1,960 by Analysts at Citigroup

Softcat (LON:SCT) had its price target cut by Citigroup from GBX 2,000 to GBX 1,960 in a research report sent to investors on Tuesday, MarketBeat Ratings reports. They currently have a buy rating on the stock.

Several other research analysts also recently commented on SCT. JPMorgan Chase & Co. reaffirmed a “neutral” rating on shares of Softcat in a research note on Friday, July 18th. Shore Capital reiterated a “buy” rating and issued a GBX 1,950 price target on shares of Softcat in a research report on Friday, August 1st. Finally, Liberum Capital upgraded shares of Softcat to a “buy” rating and set a GBX 1,800 price target for the company in a research report on Thursday, July 24th. Three investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of GBX 1,813.80.

Softcat Stock Performance

Shares of LON SCT opened at GBX 1,555 on Tuesday. The firm has a 50 day moving average of GBX 1,673.28 and a 200 day moving average of GBX 1,655.44. The company has a current ratio of 1.60, a quick ratio of 1.38 and a debt-to-equity ratio of 3.48. The firm has a market capitalization of £3.09 billion, a price-to-earnings ratio of 26.03, a price-to-earnings-growth ratio of 11.51 and a beta of 0.71. Softcat has a 12-month low of GBX 1,427 and a 12-month high of GBX 1,960.

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.