Softcat PLC (SCT) PT Raised to GBX 420 at Citigroup Inc

Softcat PLC (LON:SCT) had its target price increased by investment analysts at Citigroup Inc from GBX 410 ($5.16) to GBX 420 ($5.29) in a research report issued on Thursday. The firm presently has a “buy” rating on the stock. Citigroup Inc’s target price suggests a potential downside of 1.96% from the stock’s current price.

A number of other equities analysts also recently commented on SCT. Berenberg Bank reaffirmed a “buy” rating and issued a GBX 425 ($5.35) price objective on shares of Softcat PLC in a report on Thursday, January 12th. Credit Suisse Group AG reaffirmed an “outperform” rating and issued a GBX 340 ($4.28) price objective on shares of Softcat PLC in a report on Monday, January 9th. Finally, Peel Hunt reaffirmed a “buy” rating and issued a GBX 380 ($4.78) price objective on shares of Softcat PLC in a report on Thursday, January 19th. One research analyst has rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and an average price target of GBX 382 ($4.81).

Analyst Recommendations for Softcat PLC (LON:SCT)

Shares of Softcat PLC (LON:SCT) traded down 0.37% during trading on Thursday, reaching GBX 428.40. 1,103,391 shares of the company’s stock were exchanged. The company has a 50 day moving average of GBX 375.85 and a 200 day moving average of GBX 325.08. The stock’s market cap is GBX 843.46 million. Softcat PLC has a 12-month low of GBX 275.00 and a 12-month high of GBX 432.00.

The business also recently announced a dividend, which will be paid on Friday, April 28th. Shareholders of record on Thursday, March 30th will be paid a GBX 2.90 ($0.04) dividend. This represents a yield of 0.79%. The ex-dividend date is Thursday, March 30th.

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About Softcat PLC

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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