Softcat’s (SCT) “Neutral” Rating Reaffirmed at JPMorgan Chase & Co.

JPMorgan Chase & Co. reaffirmed their neutral rating on shares of Softcat (LON:SCT) in a research note released on Thursday morning, MarketBeat.com reports.

Several other equities research analysts have also commented on SCT. Citigroup reduced their price target on shares of Softcat from GBX 2,000 to GBX 1,960 and set a “buy” rating for the company in a report on Tuesday, August 19th. Liberum Capital upgraded Softcat to a “buy” rating and set a GBX 1,800 target price for the company in a report on Thursday, July 24th. Finally, Shore Capital reaffirmed a “buy” rating and set a GBX 1,950 target price on shares of Softcat in a research report on Thursday, August 28th. Three research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of GBX 1,813.80.

Softcat Stock Performance

SCT stock opened at GBX 1,588 on Thursday. Softcat has a 1-year low of GBX 1,427 and a 1-year high of GBX 1,960. The business has a 50-day moving average price of GBX 1,608.29 and a 200 day moving average price of GBX 1,652.50. The company has a market capitalization of £3.17 billion, a P/E ratio of 2,540.80, a PEG ratio of 11.51 and a beta of 0.71. The company has a debt-to-equity ratio of 3.48, a current ratio of 1.60 and a quick ratio of 1.38.

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.