Softcat plc (LON:SCT) Receives Consensus Recommendation of “Moderate Buy” from Analysts

Softcat plc (LON:SCT) has earned a consensus recommendation of “Moderate Buy” from the ten research firms that are covering the company, Marketbeat.com reports. One analyst has rated the stock with a sell recommendation, two have assigned a hold recommendation and seven have issued a buy recommendation on the company. The average 1-year target price among analysts that have covered the stock in the last year is GBX 1,957.

Several equities analysts have recently commented on the company. Shore Capital Group reaffirmed a “buy” rating on shares of Softcat in a research note on Thursday, March 19th. Jefferies Financial Group reiterated a “hold” rating and set a GBX 1,700 price target on shares of Softcat in a report on Thursday. Berenberg Bank increased their price target on Softcat from GBX 1,900 to GBX 1,950 and gave the stock a “buy” rating in a report on Tuesday, May 26th. Royal Bank Of Canada cut 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. Finally, Deutsche Bank Aktiengesellschaft increased their price target on Softcat from GBX 1,700 to GBX 1,800 and gave the stock a “buy” rating in a report on Tuesday, May 26th.

Softcat Price Performance

LON:SCT opened at GBX 1,813 on Friday. Softcat has a one year low of GBX 1,083 and a one year high of GBX 1,913. The company has a debt-to-equity ratio of 13.07, a quick ratio of 1.38 and a current ratio of 1.25. The stock has a market cap of £3.56 billion, a PE ratio of 25.86, a P/E/G ratio of 11.51 and a beta of 0.58. The stock has a 50 day moving average price of GBX 1,587.31 and a 200 day moving average price of GBX 1,395.84.

Insider Buying and Selling at Softcat

In other news, insider Kathryn Mecklenburgh acquired 7,352 shares of the company’s stock in a transaction dated Monday, April 27th. The stock was acquired at an average cost of GBX 1,365 per share, with a total value of £100,354.80. Insiders acquired 31,850 shares of company stock valued at $42,677,746 over the last ninety days. Insiders own 2.91% of the company’s stock.

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.