A statement released earlier today by Citigroup about Softcat Plc (LON:SCT) bumps the target price to 410.00GBX
- Updated: September 16, 2016
Only yesterday Softcat Plc (LON:SCT) traded 3.49% lower at 0.00GBX. Softcat Plc’s 50-day average is 334.33GBX and its 200-day moving average is 329.54GBX. With the last close down 1.89% relative to the 200-day moving average, compared to the S&P 500 Index which has decreased -0.01% over the same time. 975,182 shares of Softcat Plc were exchanged, up from ann avg. volume of 286,328.
Softcat Plc (LON:SCT) had its estimated target price bumped up to 410GBX by Citigroup in a report announced 9/13/2016. The updated target price implies a possible unlikely upside the bussiness’ previous stock close price.
On 7/25/2016, Berenberg released a statement on Softcat Plc(LON:SCT) kept the target price at 425.00GBX. At the time, this suggested an upside of 0.00%.
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Also covering Softcat Plc’s stock price target, a total of 3 brokers have released a ratings update on the stock. The consensus target is 355.00GBX with one firm rating the stock a strong buy, 0 rating the company a buy, two analysts rating the stock a hold, 0 rating the stock to underperform, and finally 0 analysts rating the stock as sell.
Softcat Plc has a one-year low of 240.00GBX and a 52 week high of 383.80GBX with a PE ratio of 21 and has a total market value of 0.0 GBX.
Brief Synopsis On Softcat Plc (LON:SCT)
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. 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. It also provides its solutions to public sector customers and enterprise customers. The Company offers solutions in the areas of infrastructure, Microsoft, networking, asset management and security. It operates from Marlow in Buckinghamshire, and has approximately four branch offices in Bristol, Leeds, and London and Manchester. eCAT is its online reporting and e-Procurement site.
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