Softcat (LON:SCT) Sets New 52-Week Low – Should You Sell?

Softcat plc (LON:SCT)’s stock price hit a new 52-week low during mid-day trading on Friday . The stock traded as low as GBX 1,380 and last traded at GBX 1,381, with a volume of 128801 shares changing hands. The stock had previously closed at GBX 1,417.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently commented on SCT shares. Jefferies Financial Group increased their price target 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. Shore Capital reissued a “buy” rating and set a GBX 1,925 price target on shares of Softcat in a research report on Wednesday, October 22nd. Deutsche Bank Aktiengesellschaft raised shares of Softcat to a “buy” rating and upped their price objective for the stock from GBX 1,830 to GBX 1,900 in a research report on Thursday, October 23rd. Peel Hunt reiterated a “buy” rating and issued a GBX 2,135 price objective on shares of Softcat in a research note on Tuesday, November 18th. Finally, JPMorgan Chase & Co. upgraded Softcat to an “overweight” rating and boosted their target price for the stock from GBX 2,820 to GBX 2,950 in a research note on Thursday, December 4th. Six analysts have rated the stock with a Buy rating, one has given a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of GBX 1,902.22.

Softcat Stock Performance

The company’s 50-day moving average is GBX 1,463.06 and its two-hundred day moving average is GBX 1,563.38. The company has a quick ratio of 1.38, a current ratio of 1.60 and a debt-to-equity ratio of 3.48. The company has a market cap of £2.73 billion, a P/E ratio of 20.71, a price-to-earnings-growth ratio of 11.51 and a beta of 0.71.

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

Insider Activity at Softcat

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

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. 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.