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

Softcat plc (LON:SCT) has been assigned a consensus rating of “Hold” from the nine ratings firms that are covering the stock, Marketbeat Ratings reports. Two analysts have rated the stock with a sell recommendation, one has assigned a hold recommendation and six have given a buy recommendation to the company. The average twelve-month price target among brokers that have issued ratings on the stock in the last year is GBX 1,902.22.

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

Insider Buying and Selling at Softcat

In other Softcat news, insider Graham Charlton sold 15,919 shares of the firm’s stock in a transaction on Friday, December 12th. The shares were 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 Softcat stock in a transaction dated Thursday, December 11th. The shares were sold at an average price of GBX 1,429, for a total transaction of £288,843.77. In the last 90 days, insiders have sold 46,069 shares of company stock worth $66,262,414. Corporate insiders own 2.81% of the company’s stock.

Softcat Price Performance

Softcat stock opened at GBX 1,396 on Friday. The stock has a market capitalization of £2.79 billion, a price-to-earnings ratio of 21.09, a PEG ratio of 11.51 and a beta of 0.71. Softcat has a 52-week low of GBX 1,358 and a 52-week high of GBX 1,960. The company has a debt-to-equity ratio of 3.48, a quick ratio of 1.38 and a current ratio of 1.60. The stock’s 50 day moving average price is GBX 1,431.01 and its two-hundred day moving average price is GBX 1,531.30.

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