Softcat plc (LON:SCT) Receives Consensus Rating of “Hold” from Analysts

Shares of Softcat plc (LON:SCT) have earned an average rating of “Hold” from the nine analysts that are currently covering the company, Marketbeat reports. Two investment analysts have rated the stock with a sell rating, one has assigned a hold rating and six have issued a buy rating on the company. The average 12 month price objective among brokers that have covered the stock in the last year is GBX 1,902.22.

SCT has been the topic of several analyst reports. JPMorgan Chase & Co. upgraded shares of Softcat to an “overweight” rating and boosted their price target for the stock from GBX 2,820 to GBX 2,950 in a report on Thursday, December 4th. Jefferies Financial Group boosted their target price on Softcat from GBX 1,400 to GBX 1,450 and gave the stock an “underperform” rating in a research note on Thursday, October 23rd. Shore Capital reaffirmed a “buy” rating and issued a GBX 1,925 target price on shares of Softcat in a report on Wednesday, October 22nd. UBS Group reiterated a “sell” rating and set a GBX 1,400 price target on shares of Softcat in a report on Friday, October 17th. Finally, Deutsche Bank Aktiengesellschaft raised Softcat to a “buy” rating and boosted their price objective for the stock from GBX 1,830 to GBX 1,900 in a research report on Thursday, October 23rd.

Insider Activity

In related news, insider Graham Charlton sold 15,919 shares of the firm’s stock in a transaction dated Friday, December 12th. The shares were 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 Softcat stock in a transaction dated Thursday, December 11th. The stock was 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 valued at $66,262,414. 2.81% of the stock is owned by company insiders.

Softcat Trading Down 0.5%

LON SCT opened at GBX 1,396 on Friday. The company has a current ratio of 1.60, a quick ratio of 1.38 and a debt-to-equity ratio of 3.48. The business has a fifty day simple moving average of GBX 1,431.01 and a 200 day simple moving average of GBX 1,531.30. Softcat has a 12 month low of GBX 1,358 and a 12 month high of GBX 1,960. The firm has a market capitalization of £2.79 billion, a P/E ratio of 21.09, a PEG ratio of 11.51 and a beta of 0.71.

Softcat (LON:SCT) last posted 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, analysts predict that Softcat will post 60.72 EPS for the current fiscal 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.