Softcat (LON:SCT) Upgraded to “Overweight” at JPMorgan Chase & Co.

JPMorgan Chase & Co. upgraded shares of Softcat (LON:SCT) to an overweight rating in a report released on Thursday, Marketbeat.com reports. JPMorgan Chase & Co. currently has GBX 2,950 price target on the stock, up from their previous price target of GBX 2,820.

Other equities research analysts also recently issued reports about the stock. Peel Hunt restated a “buy” rating and issued a GBX 2,135 target price on shares of Softcat in a research note on Tuesday, November 18th. UBS Group reiterated a “sell” rating and set a GBX 1,400 price objective on shares of Softcat in a report on Friday, October 17th. Shore Capital reissued a “buy” rating and issued a GBX 1,925 price objective on shares of Softcat in a research report on Wednesday, October 22nd. Deutsche Bank Aktiengesellschaft upgraded Softcat to a “buy” rating and boosted their target price for the stock from GBX 1,830 to GBX 1,900 in a research note on Thursday, October 23rd. Finally, Jefferies Financial Group upped their target price on Softcat from GBX 1,400 to GBX 1,450 and gave the company an “underperform” rating in a research report on Thursday, October 23rd. Six equities research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat, Softcat has a consensus rating of “Hold” and a consensus price target of GBX 1,902.22.

Softcat Price Performance

SCT opened at GBX 1,493 on Thursday. The firm has a market capitalization of £2.98 billion, a PE ratio of 22.55, a price-to-earnings-growth ratio of 11.51 and a beta of 0.71. 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 50-day moving average is GBX 1,525.50 and its two-hundred day moving average is GBX 1,620.02. Softcat has a 1 year low of GBX 1,393 and a 1 year high of GBX 1,960.

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

Softcat Company Profile

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.