Softcat PLC 14.9% potential upside indicated by Berenberg Bank

Softcat PLC with ticker (LON:SCT) now has a potential upside of 14.9% according to Berenberg Bank.



Berenberg Bank set a target price of 1,500 GBX for the company, which when compared to the Softcat PLC share price of 1,305 GBX at opening today (28/04/2023) indicates a potential upside of 14.9%. Trading has ranged between 1,059 (52 week low) and 1,480 (52 week high) with an average of 404,477 shares exchanging hands daily. The market capitalisation at the time of writing is £2,645,771,778.

Softcat plc is a United Kingdom-based provider of information technology (IT) solutions and services. The Company is an IT reseller and IT infrastructure solutions provider to the corporate and public sector markets. The Company helps commercial and public sector organizations design, procure, implement and manage the right IT solutions to match their needs. Its offers solutions, including virtual desktop and applications, supply chain operations, software licensing, security, IT asset management, lifecycle solutions, data center and private cloud, financial solutions, cloud, connectivity, and others. It is engaged in designing, implementing and supporting a mix of private and public cloud, optimized for individual customer needs. It provides assessment services as well as implementing and managing solutions. It designs and implements tools and applications for business environments. The Company sells cloud computing solutions, which include Software as a Service (SaaS).