UBS Group Reaffirms Sell Rating for Softcat (LON:SCT)

Softcat (LON:SCT)‘s stock had its “sell” rating reissued by UBS Group in a research note issued on Friday, Marketbeat.com reports. They currently have a GBX 1,400 target price on the stock. UBS Group’s price objective suggests a potential downside of 8.62% from the company’s previous close.

Several other research firms also recently issued reports on SCT. JPMorgan Chase & Co. restated a “neutral” rating on shares of Softcat in a report on Thursday, September 11th. Shore Capital reissued a “buy” rating and issued a GBX 1,950 target price on shares of Softcat in a research report on Monday, October 13th. Citigroup cut their price target on shares of Softcat from GBX 2,000 to GBX 1,960 and set a “buy” rating on the stock in a report on Tuesday, August 19th. Finally, Liberum Capital raised shares of Softcat to a “buy” rating and set a GBX 1,800 price objective for the company in a research note on Thursday, July 24th. Three equities research analysts have rated the stock with a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of GBX 1,744.83.

Softcat Stock Down 2.3%

Shares of Softcat stock opened at GBX 1,532 on Friday. Softcat has a 12-month low of GBX 1,427 and a 12-month high of GBX 1,960. The firm has a market capitalization of £3.05 billion, a PE ratio of 2,451.20, a price-to-earnings-growth ratio of 11.51 and a beta of 0.71. The company has a quick ratio of 1.38, a current ratio of 1.60 and a debt-to-equity ratio of 3.48. The stock’s fifty day moving average is GBX 1,578.24 and its 200-day moving average is GBX 1,652.43.

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.