Today Softcat PLC Stock Crashes

 Today Softcat PLC Stock Crashes

The stock of Softcat PLC (LON:SCT) is a huge mover today! The stock closed at GBX 306 during the last session. It is up 5.26% since April 21, 2016 and is downtrending. It has underperformed by 9.69% the S&P500.
The move comes after 5 months negative chart setup for the GBX 568.45M company. It was reported on Nov, 18 by Barchart.com. We have GBX 290.70 PT which if reached, will make LON:SCT worth GBX 28.42 million less.

Softcat PLC (LON:SCT) Ratings Coverage

Out of 5 analysts covering Softcat Plc (LON:SCT), 4 rate it a “Buy”, 0 “Sell”, while 1 “Hold”. This means 80% are positive. Softcat Plc has been the topic of 13 analyst reports since January 14, 2016 according to StockzIntelligence Inc. The firm has “Buy” rating by Peel Hunt given on Friday, March 18. The stock has “Buy” rating given by Peel Hunt on Thursday, March 3. Peel Hunt maintained Softcat PLC (LON:SCT) rating on Thursday, November 10. Peel Hunt has “Buy” rating and GBX 380 price target. As per Thursday, September 29, the company rating was maintained by Berenberg. Berenberg maintained it with “Buy” rating and GBX 425 target price in Monday, July 25 report. The company was maintained on Wednesday, May 25 by Peel Hunt. Credit Suisse maintained it with “Outperform” rating and GBX 340 target price in Wednesday, October 19 report. The company was maintained on Tuesday, November 1 by Jefferies. The firm has “Buy” rating given on Thursday, May 5 by Peel Hunt.

Softcat Plc is an information technology reseller and IT infrastructure solutions well-known provider to the corporate and public sector markets. The company has a market cap of 568.45 million GBP. The Firm 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. It has a 18.16 P/E ratio. The Company’s 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.

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