According to an update released by analysts at Credit Suisse the broker has now set a ‘Outperform’ rating on shares of Softcat (LON:SCT) with a price target of 340.
Credit Suisse on Wednesday reiterated Softcat’s analyst rating as ‘Outperform’ with its price target of 340 highlighting a potential increase of 12.43% from Softcat’s current price of 302.4.
Over the last twelve months Softcat’s stock price has increased from 0.00 to 302.4, a change of 0%.
Softcat has 195,934,000 shares in issue which have a share price of 302.4 giving Softcat a market capitalisation of 592.50M GBp.
The company has a 50 day moving average of 320.06 and a 200 day moving average of 328.78. The 52 week high shares of Softcat have reached is 383.8 whilst the 52 week low for the company’s shares is 240.
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. Its solutions include asset management, business intelligence (BI) and analytics, cloud and managed services, collaboration, commodity sourcing, datacenter, end-user computing and mobility, networking and security, print, professional services and software licensing. The Company provides corporate and public sector organizations with software licensing, workplace technology, datacenter infrastructure, networking and security. The Company, through its portfolio of IT services, addresses IT sourcing challenges, software licensing needs, IT solutions and adapts the cloud through managed services.