Softcat (LON:SCT) Price Target Raised to GBX 2,300 at JPMorgan Chase & Co.

Softcat (LON:SCT) had its target price lifted by stock analysts at JPMorgan Chase & Co. from GBX 1,950 to GBX 2,300 in a note issued to investors on Monday, London Stock Exchange reports. The firm currently has an “overweight” rating on the stock. JPMorgan Chase & Co.‘s target price points to a potential upside of 10.68% from the company’s current price.

A number of other research firms have also recently issued reports on SCT. Deutsche Bank Aktiengesellschaft cut shares of Softcat to a “hold” rating and upped their price target for the company from GBX 1,800 to GBX 2,140 in a report on Wednesday, August 26th. Jefferies Financial Group reiterated a “hold” rating and issued a GBX 1,700 price objective on shares of Softcat in a research note on Thursday, June 25th. Berenberg Bank boosted their price objective on Softcat from GBX 1,900 to GBX 1,950 and gave the stock a “buy” rating in a research report on Tuesday, May 26th. Finally, Royal Bank Of Canada downgraded Softcat to a “neutral” rating and increased their target price for the company from GBX 1,550 to GBX 1,950 in a research note on Monday, June 15th. Four equities research analysts have rated the stock with a Buy rating, three have given a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of GBX 1,937.50.

Softcat Stock Performance

LON:SCT opened at GBX 2,078 on Monday. Softcat has a 1 year low of GBX 1,083 and a 1 year high of GBX 2,134. The firm’s fifty day simple moving average is GBX 1,962.39 and its 200 day simple moving average is GBX 1,599.87. The company has a current ratio of 1.25, a quick ratio of 1.38 and a debt-to-equity ratio of 13.07. The firm has a market capitalization of £4.08 billion, a PE ratio of 29.64, a PEG ratio of 11.51 and a beta of 0.57.

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. It also offers public cloud, collaboration, connectivity, data centre and private cloud, devices, and financial solution services. In addition, the company provides IT asset management, lifecycle solutions, modern management, security, software licensing, supply chain operation, and virtual desktop and application.