JPMorgan Chase & Co. Reiterates “Neutral” Rating for Softcat (LON:SCT)

Softcat (LON:SCT)‘s stock had its “neutral” rating reissued by analysts at JPMorgan Chase & Co. in a report issued on Thursday, Marketbeat Ratings reports.

A number of other analysts have also recently commented on SCT. Liberum Capital raised shares of Softcat to a “buy” rating and set a GBX 1,800 target price for the company in a report on Thursday, July 24th. Citigroup reduced their target price 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. Finally, Shore Capital reaffirmed a “buy” rating and set a GBX 1,950 target price on shares of Softcat in a report on Thursday, August 28th. Three investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat, Softcat presently has a consensus rating of “Moderate Buy” and an average price target of GBX 1,813.80.

Softcat Stock Up 0.9%

SCT opened at GBX 1,603 on Thursday. 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 firm has a 50 day moving average price of GBX 1,607.63 and a 200-day moving average price of GBX 1,652.73. Softcat has a twelve month low of GBX 1,427 and a twelve month high of GBX 1,960. The stock has a market capitalization of £3.20 billion, a price-to-earnings ratio of 2,564.80, a PEG ratio of 11.51 and a beta of 0.71.

About Softcat

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.