Softcat plc (LON:SCT) Given Consensus Rating of “Hold” by Analysts

Shares of Softcat plc (LON:SCT) have been assigned an average rating of “Hold” from the nine analysts that are presently covering the stock, Marketbeat.com reports. Two equities research analysts have rated the stock with a sell recommendation, one has issued a hold recommendation and six have issued a buy recommendation on the company. The average twelve-month price target among analysts that have updated their coverage on the stock in the last year is GBX 1,902.22.

Several brokerages have weighed in on SCT. Jefferies Financial Group increased their target price on Softcat from GBX 1,400 to GBX 1,450 and gave the stock an “underperform” rating in a research report on Thursday, October 23rd. Deutsche Bank Aktiengesellschaft upgraded shares of Softcat to a “buy” rating and upped their price target for the stock from GBX 1,830 to GBX 1,900 in a research report on Thursday, October 23rd. Shore Capital reiterated a “buy” rating and issued a GBX 1,925 price objective on shares of Softcat in a research report on Wednesday, October 22nd. UBS Group reissued a “sell” rating and set a GBX 1,400 target price on shares of Softcat in a research note on Friday, October 17th. Finally, JPMorgan Chase & Co. upgraded shares of Softcat to an “overweight” rating and raised their price target for the company from GBX 2,820 to GBX 2,950 in a research note on Thursday, December 4th.

Softcat Stock Performance

Shares of SCT stock opened at GBX 1,425 on Wednesday. The company has a market cap of £2.84 billion, a P/E ratio of 21.53, a PEG ratio of 11.51 and a beta of 0.71. The business has a 50 day moving average of GBX 1,476.82 and a two-hundred day moving average of GBX 1,570.69. Softcat has a 52 week low of GBX 1,393 and a 52 week high of GBX 1,960. The company has a quick ratio of 1.38, a current ratio of 1.60 and a debt-to-equity ratio of 3.48.

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

Insider Buying and Selling

In other news, insider Graham Charlton sold 15,919 shares of the stock in a transaction on Friday, December 12th. The stock was sold at an average price of GBX 1,456, for a total value of £231,780.64. Also, insider Graeme Watt sold 20,213 shares of the firm’s stock in a transaction on Thursday, December 11th. The shares were sold at an average price of GBX 1,429, for a total value of £288,843.77. Insiders sold a total of 46,069 shares of company stock valued at $66,262,414 over the last three months. Corporate insiders own 2.81% of the company’s stock.

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. It also offers public cloud, collaboration, connectivity, data centre and private cloud, devices, and financial solution services. In addition, the company provides IT asset management, lifecycle solutions, modern management, security, software licensing, supply chain operation, and virtual desktop and application.