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, 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, London and Manchester. eCAT is its online reporting and e-Procurement site.