Berenberg Keeps a “Buy” Rating on Softcat Plc (LON:SCT) and GBX 425.00 Target

Softcat Plc (LON:SCT) Rating

Berenberg currently has a GBX 425.00 target price per share on the 637.42M GBP market cap company or 29.24% upside potential. In a research note issued to investors and clients on 29 September, Softcat Plc (LON:SCT) stock had its “Buy” Rating reaffirmed by investment analysts at Berenberg.

Out of 4 analysts covering Softcat Plc (LON:SCT), 3 rate it a “Buy”, 0 “Sell”, while 1 “Hold”. This means 75% are positive. GBX 425 is the highest target while GBX 345 is the lowest. The GBX 390 average target is 20.78% above today’s (GBX 322.9) stock price. Softcat Plc has been the topic of 10 analyst reports since January 14, 2016 according to StockzIntelligence Inc. Berenberg maintained the stock on September 29 with “Buy” rating.

About 44,391 shares traded hands. Softcat PLC (LON:SCT) has declined 5.71% since February 29, 2016 and is downtrending. It has underperformed by 16.97% the S&P500.

Softcat plc, formerly Softcat Limited, is an information technology infrastructure and services provider. The company has a market cap of 637.42 million GBP. The Firm provides corporate and public sector organization’s with IT infrastructure solutions, including the services and products they require to design, implement, support and manage these solutions, on premise, in the cloud or a combination of both. It has a 21.73 P/E ratio. The Company’s solutions include software licensing and sales, hardware sales, and professional and managed services for its customers’ core IT requirements, such as workplace technology, data center infrastructure and networking and security.

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