Softcat (LON:SCT) Downgraded by Deutsche Bank Aktiengesellschaft to “Hold”

Softcat (LON:SCT – Get Free Report) was downgraded by research analysts at Deutsche Bank Aktiengesellschaft to a “hold” rating in a report released on Wednesday,Digital Look reports. They presently have a GBX 2,140 price target on the stock, up from their prior price target of GBX 1,800. Deutsche Bank Aktiengesellschaft’s target price points to a potential upside of 5.11% from the company’s previous close.

SCT has been the subject of a number of other reports. Jefferies Financial Group restated a “hold” rating and set a GBX 1,700 price objective on shares of Softcat in a research report on Thursday, June 25th. Berenberg Bank upped their target price on Softcat from GBX 1,900 to GBX 1,950 and gave the company a “buy” rating in a report on Tuesday, May 26th. Finally, Royal Bank Of Canada lowered shares of Softcat to a “neutral” rating and increased their price target for the stock from GBX 1,550 to GBX 1,950 in a research report on Monday, June 15th. Four investment 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. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of GBX 2,018.75.

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Softcat Stock Performance

Shares of Softcat stock opened at GBX 2,036 on Wednesday. Softcat has a 12 month low of GBX 1,083 and a 12 month high of GBX 2,084. The company has a quick ratio of 1.38, a current ratio of 1.25 and a debt-to-equity ratio of 13.07. The stock has a market cap of £4.00 billion, a PE ratio of 29.04, a price-to-earnings-growth ratio of 11.51 and a beta of 0.57. The business has a fifty day simple moving average of GBX 1,917.23 and a 200-day simple moving average of GBX 1,549.20.

About Softcat

(Get Free Report)

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.

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