Berenberg Bank reissued their buy rating on shares of Softcat PLC (LON:SCT) in a research note published on Thursday morning. The firm currently has a GBX 425 ($5.55) price target on the stock.

Separately, Citigroup Inc. began coverage on Softcat PLC in a report on Tuesday, September 13th. They set a buy rating and a GBX 410 ($5.35) price target on the stock. Two analysts have rated the stock with a hold rating and three have issued a buy rating to the company. The company presently has a consensus rating of Buy and an average target price of GBX 380 ($4.96).

Softcat PLC (LON:SCT) opened at 323.15 on Thursday. The firm’s market cap is GBX 633.16 million. The stock has a 50 day moving average of GBX 329.27 and a 200-day moving average of GBX 328.71. Softcat PLC has a 52 week low of GBX 240.00 and a 52 week high of GBX 383.80.

Softcat PLC Company Profile

Softcat plc, formerly Softcat Limited, is an information technology (IT) infrastructure and services provider. The Company provides corporate and public sector organization’s with IT infrastructure solutions, including the products and services they require to design, implement, support and manage these solutions, on premise, in the cloud or a combination of both.

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