Softcat (LON:SCT) Reaches New 12-Month Low – What’s Next?

Softcat plc (LON:SCT) shares hit a new 52-week low on Friday . The stock traded as low as GBX 1,420 and last traded at GBX 1,444, with a volume of 1785389 shares trading hands. The stock had previously closed at GBX 1,447.

Analysts Set New Price Targets

Several equities analysts have issued reports on the stock. UBS Group reaffirmed a “sell” rating and issued a GBX 1,400 price target on shares of Softcat in a report on Friday, October 17th. Liberum Capital upgraded Softcat to a “buy” rating and set a GBX 1,800 target price on the stock in a research note on Thursday, July 24th. JPMorgan Chase & Co. reaffirmed a “neutral” rating on shares of Softcat in a research report on Thursday, September 11th. Citigroup decreased their price target on Softcat from GBX 2,000 to GBX 1,960 and set a “buy” rating for the company in a research note on Tuesday, August 19th. Finally, Jefferies Financial Group raised their price target on Softcat from GBX 1,400 to GBX 1,450 and gave the stock an “underperform” rating in a report on Thursday, October 23rd. Four investment analysts have rated the stock with a Buy rating, two have issued a Hold rating and two have given a Sell rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Hold” and an average target price of GBX 1,724.25.

Softcat Stock Up 0.2%

The company has a debt-to-equity ratio of 3.48, a current ratio of 1.60 and a quick ratio of 1.38. The business’s fifty day moving average price is GBX 1,568.91 and its two-hundred day moving average price is GBX 1,651.49. The stock has a market capitalization of £2.89 billion, a PE ratio of 21.90, a price-to-earnings-growth ratio of 11.51 and a beta of 0.71.

Softcat (LON:SCT) last issued its earnings results on Wednesday, October 22nd. The company reported GBX 69.50 earnings per share (EPS) for the quarter. Softcat had a return on equity of 43.79% and a net margin of 12.37%. On average, equities research analysts forecast that Softcat plc will post 60.72 EPS for the current fiscal year.

About Softcat

Softcat plc operates as a value-added IT reseller and IT infrastructure solutions provider in the United Kingdom. The company advices, procures, designs, implements, and manages technology, such as software licensing, workplace technology, networking, security, and cloud and datacenter for businesses and public sector organizations.