Softcat PLC (LON:SCT) shares fell 0% during trading on Wednesday . The company traded as low as GBX 581 ($8.03) and last traded at GBX 589 ($8.14). 1,494,497 shares changed hands during mid-day trading, an increase of 274% from the average session volume of 400,057 shares. The stock had previously closed at GBX 589 ($8.14).

A number of brokerages have commented on SCT. Credit Suisse Group lowered Softcat to a “neutral” rating and upped their price objective for the company from GBX 600 ($8.29) to GBX 700 ($9.67) in a report on Thursday. Citigroup increased their target price on Softcat from GBX 510 ($7.05) to GBX 600 ($8.29) and gave the stock a “neutral” rating in a report on Thursday. Finally, Berenberg Bank raised Softcat to a “buy” rating and increased their target price for the stock from GBX 530 ($7.32) to GBX 650 ($8.98) in a report on Monday, February 19th.

The company has a market cap of $1,270.00 and a price-to-earnings ratio of 3,070.00.

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Softcat Company Profile

Softcat Plc is an information technology (IT) reseller and IT infrastructure solutions provider to the corporate and public sector markets. The Company provides organizations with workplace, datacenter and networking, and security solutions combined with all the services required to design, implement, support and manage them, on premise or in the cloud.

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