Softcat PLC (SCT) Rating Reiterated by Berenberg Bank

Softcat PLC (LON:SCT)‘s stock had its “buy” rating reaffirmed by research analysts at Berenberg Bank in a research note issued on Thursday. They currently have a GBX 425 ($5.55) price target on the stock. Berenberg Bank’s target price would suggest a potential upside of 28.79% from the stock’s current price.

Separately, Citigroup Inc. initiated coverage on Softcat PLC in a research note on Tuesday, September 13th. They set a “buy” rating and a GBX 410 ($5.35) price target for the company. Two research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. Softcat PLC presently has an average rating of “Buy” and an average price target of GBX 380 ($4.96).

Shares of Softcat PLC (LON:SCT) opened at 330.00 on Thursday. Softcat PLC has a 1-year low of GBX 240.00 and a 1-year high of GBX 383.80. The stock has a 50 day moving average price of GBX 329.80 and a 200 day moving average price of GBX 328.75. The firm’s market capitalization is GBX 646.58 million.

About Softcat PLC

Softcat plc, formerly Softcat Limited, is an information technology (IT) infrastructure and services provider. The Company provides corporate and public sector organization’s with IT infrastructure solutions, including the products and services they require to design, implement, support and manage these solutions, on premise, in the cloud or a combination of both.

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