Softcat plc (LON:SCT – Get Free Report) has earned a consensus recommendation of “Hold” from the six research firms that are currently covering the company, Marketbeat reports. Two equities research analysts have rated the stock with a sell recommendation, two have assigned a hold recommendation and two have given a buy recommendation to the company. The average 12-month target price among analysts that have issued ratings on the stock in the last year is GBX 1,442.50 ($19.30).
SCT has been the topic of several analyst reports. Jefferies Financial Group downgraded Softcat to an “underperform” rating and lowered their price target for the company from GBX 1,950 ($26.08) to GBX 1,490 ($19.93) in a report on Friday, July 5th. Shore Capital downgraded shares of Softcat to a “hold” rating in a report on Wednesday, June 26th. Finally, JPMorgan Chase & Co. restated an “underweight” rating and set a GBX 1,250 ($16.72) price target on shares of Softcat in a report on Thursday, July 25th.
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Softcat Stock Performance
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.
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