Shares of Softcat plc (LON:SCT – Get Free Report) have received a consensus rating of “Hold” from the six research firms that are currently covering the stock, Marketbeat reports. Two investment analysts have rated the stock with a sell recommendation, two have issued a hold recommendation and two have given a buy recommendation to the company. The average 1 year price target among brokers that have covered the stock in the last year is GBX 1,442.50 ($19.30).
Several equities analysts recently commented on the stock. Jefferies Financial Group downgraded shares of Softcat to an “underperform” rating and decreased their price target for the company from GBX 1,950 ($26.08) to GBX 1,490 ($19.93) in a research note on Friday, July 5th. JPMorgan Chase & Co. restated an “underweight” rating and issued a GBX 1,250 ($16.72) price target on shares of Softcat in a research note on Thursday, July 25th. Finally, Shore Capital downgraded shares of Softcat to a “hold” rating in a research note on Wednesday, June 26th.
Read Our Latest Stock Analysis on SCT
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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