Softcat plc (LON:SCT – Get Rating) shares hit a new 52-week high on Friday . The stock traded as high as GBX 1,482 ($18.54) and last traded at GBX 1,482 ($18.54), with a volume of 124456 shares trading hands. The stock had previously closed at GBX 1,447 ($18.11).
Analysts Set New Price Targets
Several equities analysts recently weighed in on SCT shares. Shore Capital reaffirmed a “buy” rating on shares of Softcat in a research report on Tuesday, May 30th. Berenberg Bank reaffirmed a “buy” rating and set a GBX 1,500 ($18.77) price objective on shares of Softcat in a research report on Friday, April 14th.
Softcat Stock Performance
The company has a market cap of £2.93 billion, a P/E ratio of 2,669.09, a price-to-earnings-growth ratio of 11.51 and a beta of 0.84. The company has a quick ratio of 1.38, a current ratio of 1.39 and a debt-to-equity ratio of 3.16. The stock’s 50-day moving average price is GBX 1,350.96 and its 200 day moving average price is GBX 1,263.33.
Softcat Cuts Dividend
About Softcat
Softcat plc primarily acts as a value-added IT reseller and IT infrastructure solutions provider in the United Kingdom. The company advices, procures, designs, implements, and manages technology, such as software licensing, workplace technology, networking, security, and cloud and datacenter for businesses and public sector organizations.
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