Softcat (LON:SCT) Given New GBX 2,300 Price Target at JPMorgan Chase & Co.

Softcat (LON:SCT) had its price objective boosted by analysts at JPMorgan Chase & Co. from GBX 1,950 to GBX 2,300 in a note issued to investors on Monday, London Stock Exchange reports. The firm presently has an “overweight” rating on the stock. JPMorgan Chase & Co.‘s price objective would indicate a potential upside of 10.68% from the stock’s previous close.

Other equities analysts also recently issued research reports about the company. Berenberg Bank increased their price objective on Softcat from GBX 1,900 to GBX 1,950 and gave the stock a “buy” rating in a report on Tuesday, May 26th. Deutsche Bank Aktiengesellschaft cut shares of Softcat to a “hold” rating and lifted their target price for the company from GBX 1,800 to GBX 2,140 in a research note on Wednesday, August 26th. 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 note on Monday, June 15th. Finally, Jefferies Financial Group restated a “hold” rating and set a GBX 1,700 price target on shares of Softcat in a report on Thursday, June 25th. Four investment analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of GBX 1,937.50.

Softcat Stock Up 1.6%

SCT opened at GBX 2,078 on Monday. The company has a market capitalization of £4.08 billion, a PE ratio of 29.64, a price-to-earnings-growth ratio of 11.51 and a beta of 0.57. The company has a debt-to-equity ratio of 13.07, a current ratio of 1.25 and a quick ratio of 1.38. Softcat has a fifty-two week low of GBX 1,083 and a fifty-two week high of GBX 2,134. The business has a 50-day moving average of GBX 1,962.39 and a 200-day moving average of GBX 1,599.87.

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.