A number of other research analysts also recently commented on the company. Berenberg Bank lowered their price objective on Softcat from GBX 1,900 ($22.47) to GBX 1,500 ($17.74) and set a buy rating for the company in a research note on Wednesday, November 2nd. Barclays reiterated an overweight rating and set a GBX 2,010 ($23.77) price target on shares of Softcat in a research report on Thursday, October 27th.
Softcat Price Performance
Shares of SCT opened at GBX 1,264 ($14.95) on Tuesday. The company has a market cap of £2.52 billion and a P/E ratio of 2,296.36. The stock has a fifty day moving average price of GBX 1,185.60 and a 200 day moving average price of GBX 1,281.21. The company has a debt-to-equity ratio of 3.16, a current ratio of 1.42 and a quick ratio of 1.38. Softcat has a 12 month low of GBX 1,059 ($12.52) and a 12 month high of GBX 1,922 ($22.73).
Softcat Increases Dividend
Softcat plc primarily acts 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.
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