Shore Capital Reiterates “Buy” Rating for Softcat (LON:SCT)

Softcat (LON:SCT)‘s stock had its “buy” rating reiterated by equities research analysts at Shore Capital in a research note issued to investors on Thursday, Marketbeat reports.

A number of other research firms also recently weighed in on SCT. Jefferies Financial Group downgraded Softcat to an “underperform” rating and decreased 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) target price on shares of Softcat in a report on Thursday, July 25th. Two analysts have rated the stock with a sell rating, one has issued a hold rating and three have assigned a buy rating to the stock. According to MarketBeat.com, Softcat has an average rating of “Hold” and a consensus price target of GBX 1,442.50 ($18.73).

Softcat Stock Up 1.8 %

Shares of SCT opened at GBX 1,716 ($22.28) on Thursday. The stock has a market capitalization of £3.42 billion, a price-to-earnings ratio of 3,064.29, a PEG ratio of 11.51 and a beta of 0.71. The company has a debt-to-equity ratio of 3.57, a quick ratio of 1.38 and a current ratio of 1.59. The stock has a fifty day moving average of GBX 1,546.02 and a 200-day moving average of GBX 1,611.90. Softcat has a 52 week low of GBX 1,197 ($15.54) and a 52 week 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.