Softcat plc (LON:SCT) Receives Average Recommendation of “Hold” from Analysts

Softcat plc (LON:SCT) has received an average rating of “Hold” from the nine brokerages that are currently covering the stock, MarketBeat Ratings reports. Two investment analysts have rated the stock with a sell recommendation, one has issued a hold recommendation and six have assigned a buy recommendation to the company. The average twelve-month price objective among analysts that have covered the stock in the last year is GBX 1,902.22.

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

Insider Activity

In other news, insider Graeme Watt sold 20,213 shares of the firm’s 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. Also, insider Graham Charlton sold 15,919 shares of Softcat 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. In the last three months, insiders purchased 47 shares of company stock valued at $59,452 and sold 46,069 shares valued at $66,262,414. Company insiders own 2.87% of the company’s stock.

Softcat Stock Performance

Shares of Softcat stock opened at GBX 1,127.83 on Thursday. The business has a 50-day simple moving average of GBX 1,369.74 and a 200 day simple moving average of GBX 1,484.57. Softcat has a one year low of GBX 1,106.70 and a one year high of GBX 1,960. 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 firm has a market capitalization of £2.23 billion, a price-to-earnings ratio of 17.04, a PEG ratio of 11.51 and a beta of 0.71.

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.