Softcat plc (LON:SCT) Receives GBX 1,957 Consensus PT from Analysts

Shares of Softcat plc (LON:SCT) have been given a consensus rating of “Moderate Buy” by the nine research firms that are covering the firm, MarketBeat Ratings reports. One investment analyst has rated the stock with a sell recommendation, two have issued a hold recommendation and six have given a buy recommendation to the company. The average 1 year target price among brokers that have covered the stock in the last year is GBX 1,974.44.

Several equities research analysts recently weighed in on the company. Royal Bank Of Canada downgraded Softcat to a “neutral” rating and increased their price target for the stock from GBX 1,550 to GBX 1,950 in a report on Monday, June 15th. Berenberg Bank boosted their price objective on shares of Softcat from GBX 1,900 to GBX 1,950 and gave the company a “buy” rating in a research note on Tuesday, May 26th. Jefferies Financial Group restated a “hold” rating and set a GBX 1,700 price objective on shares of Softcat in a research report on Thursday, June 25th. Finally, Deutsche Bank Aktiengesellschaft raised their target price on shares of Softcat from GBX 1,700 to GBX 1,800 and gave the stock a “buy” rating in a research note on Tuesday, May 26th.

Softcat Stock Up 2.0%

Softcat stock opened at GBX 1,881.89 on Wednesday. The stock has a 50 day moving average of GBX 1,794.45 and a two-hundred day moving average of GBX 1,459.87. Softcat has a twelve month low of GBX 1,083 and a twelve month high of GBX 1,977. The stock has a market capitalization of £3.69 billion, a price-to-earnings ratio of 26.85, a PEG ratio of 11.51 and a beta of 0.58. The company has a current ratio of 1.25, a quick ratio of 1.38 and a debt-to-equity ratio of 13.07.

Insider Buying and Selling

In other news, insider Kathryn Mecklenburgh acquired 7,352 shares of Softcat stock in a transaction that occurred on Monday, April 27th. The stock was purchased at an average price of GBX 1,365 per share, for a total transaction of £100,354.80. Insiders have bought a total of 7,404 shares of company stock valued at $10,124,734 in the last three months. 2.90% of the stock is owned by company insiders.

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.