Jefferies Gives Softcat (LON:SCT) a Lower Rating. Will Other Analysts Follow Suit?

May 17, 2018 - By Margaret Downey

Softcat plc (LON:SCT) Logo

Softcat (LON:SCT) Receives a Downgrade

Just today Softcat (LON:SCT) has been cut by analysts working for Jefferies to a solid Hold rating. This was announced in a a research report revealed to clients on Thursday, 17 May. The firm currently has a GBX 690.00 target price on shares. Jefferies’s target price suggests a possible upside of 4.13 %.

Softcat plc (LON:SCT) Ratings Coverage

Among 3 analysts covering Softcat (LON:SCT), 1 have Buy rating, 0 Sell and 2 Hold. Therefore 33% are positive. Softcat has GBX 700 highest and GBX 425 lowest target. GBX 650’s average target is -2.69% below currents GBX 668 stock price. Softcat had 4 analyst reports since November 29, 2017 according to SRatingsIntel. The rating was maintained by Citigroup on Thursday, March 22 with “Neutral”. Berenberg maintained Softcat plc (LON:SCT) on Wednesday, November 29 with “Hold” rating. The firm earned “Buy” rating on Monday, February 19 by Berenberg.

The stock decreased 4.43% or GBX 31 during the last trading session, reaching GBX 668. About 714,131 shares traded or 112.17% up from the average. Softcat plc (LON:SCT) has 0.00% since May 17, 2017 and is . It has underperformed by 11.55% the S&P500.

Softcat plc primarily acts as a value-added IT reseller in the United Kingdom. The company has market cap of 1.32 billion GBP. It provides IT infrastructure services to corporate and public sector organizations, such as software licensing, workplace technology, cloud and datacenter, and networking and security services. It has a 31.07 P/E ratio. The firm also offers business intelligence and analytics solutions; asset management solutions; cloud and managed services; collaboration solutions; commodity sourcing solutions; end user computing and mobility solutions; and print solutions, as well as provides professional services.

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