Softcat (LON:SCT) Cut to Hold at Deutsche Bank Aktiengesellschaft

Deutsche Bank Aktiengesellschaft lowered shares of Softcat (LON:SCT) to a hold rating in a research note published on Wednesday morning,Digital Look reports. They currently have GBX 2,140 price objective on the stock, up from their previous price objective of GBX 1,800.

Several other equities analysts also recently issued reports on the stock. Berenberg Bank boosted their price target on shares of Softcat from GBX 1,900 to GBX 1,950 and gave the company a “buy” rating in a report on Tuesday, May 26th. Jefferies Financial Group reaffirmed a “hold” rating and issued a GBX 1,700 price objective on shares of Softcat in a report on Thursday, June 25th. Finally, Royal Bank Of Canada downgraded shares of Softcat to a “neutral” rating and lifted their price objective for the company 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 assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, Softcat currently has a consensus rating of “Hold” and an average price target of GBX 2,018.75.

Softcat Price Performance

Shares of SCT opened at GBX 2,084 on Wednesday. Softcat has a 12 month low of GBX 1,083 and a 12 month high of GBX 2,134. The company has a debt-to-equity ratio of 13.07, a current ratio of 1.25 and a quick ratio of 1.38. The stock has a fifty day moving average price of GBX 1,935.01 and a 200 day moving average price of GBX 1,564.69. The company has a market cap of £4.09 billion, a P/E ratio of 29.73, a PEG ratio of 11.51 and a beta of 0.57.

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. 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.