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

Shares of Softcat plc (LON:SCT) have earned an average rating of “Hold” from the nine ratings firms that are covering the stock, Marketbeat Ratings 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 12 month price target among brokers that have updated their coverage on the stock in the last year is GBX 1,902.22.

A number of research firms recently commented on SCT. Deutsche Bank Aktiengesellschaft upgraded Softcat to a “buy” rating and upped their price objective for the company from GBX 1,830 to GBX 1,900 in a report on Thursday, October 23rd. JPMorgan Chase & Co. raised Softcat to an “overweight” rating and upped their price target for the company from GBX 2,820 to GBX 2,950 in a research note on Thursday. Citigroup reduced their price objective on shares of Softcat from GBX 2,000 to GBX 1,960 and set a “buy” rating on the stock in a research note on Tuesday, August 19th. 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, Peel Hunt reiterated a “buy” rating and issued a GBX 2,135 target price on shares of Softcat in a report on Tuesday, November 18th.

Softcat Trading Down 1.5%

Shares of LON SCT opened at GBX 1,470 on Friday. Softcat has a fifty-two week low of GBX 1,393 and a fifty-two week high of GBX 1,960. The firm has a market capitalization of £2.93 billion, a P/E ratio of 22.21, a P/E/G ratio of 11.51 and a beta of 0.71. 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 company’s 50 day simple moving average is GBX 1,523.88 and its 200 day simple moving average is GBX 1,617.56.

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

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.