# Softcat PLC -6.6% potential downside indicated by Berenberg Bank

- Link: https://www.directorstalkinterviews.com/softcat-plc-6.6-potential-downside-indicated-by-berenberg-bank/4121176222
- Published: 2024-11-04T13:57:57+00:00
- Author: Charlotte Edwards

**Softcat PLC** with ticker (LON:SCT) now has a potential downside of -6.6% according
to Berenberg Bank.
SCT.LBerenberg Bank set a target price of 1,600 GBX for the company,
which when compared to the Softcat PLC share price of 1,713 GBX at opening today(
04/11/2024) indicates a potential downside of -6.6%. Trading has ranged between 
1,220 (52 week low) and 1,855 (52 week high) with an average of 301,248 shares exchanging
hands daily. The market capitalisation at the time of writing is £3,425,993,760.
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 their digital infrastructure.
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, networking and 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).

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