Softcat falls after Jefferies cuts target price

Softcat

28/01/2025 13:57

** Shares of information technology company Softcat  SCTS.L 
down 2.8% at 1,476p, among top losers in London's midcaps index
 .FTMC 
    ** Brokerage Jefferies cuts target price to 1,345p from
1,490p
    ** Jefferies analysts say SCTS needs to recalibrate
expectations and acknowledge forecasts potentially a stretch
    ** Analysts say required growth to meet forecast challenged
by new commission on Microsoft products and employer insurance
costs in the UK
    ** 6 of the 15 analysts covering the stock have a "buy" or
higher rating, 5 has "hold" while 4 rate it at "sell" or lower;
median PT is 1,711p - LSEG-compiled data
    ** In 2024, stocks rose 13.5%

 (
 Reporting by Simone Lobo in Bengaluru)
 ((Simone.Lobo@thomsonreuters.com; +919920570373;))