Softcat plc (LON:SCT) Given Average Rating of “Moderate Buy” by Analysts

Softcat plc (LON:SCT) has earned a consensus rating of “Moderate Buy” from the nine ratings firms that are currently covering the firm, MarketBeat Ratings reports. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and seven have issued a buy rating on the company. The average 1 year target price among analysts that have covered the stock in the last year is GBX 1,957.78.

Several equities analysts recently issued reports on the stock. Deutsche Bank Aktiengesellschaft boosted their target price on shares of Softcat from GBX 1,700 to GBX 1,800 and gave the company a “buy” rating in a report on Tuesday, May 26th. Berenberg Bank boosted their target price on shares of Softcat from GBX 1,900 to GBX 1,950 and gave the company a “buy” rating in a report on Tuesday, May 26th. Shore Capital Group restated a “buy” rating on shares of Softcat in a report on Thursday, March 19th. Finally, Jefferies Financial Group restated a “hold” rating and issued a GBX 1,700 target price on shares of Softcat in a report on Wednesday, May 27th.

Insider Transactions at Softcat

In other news, insider Kathryn Mecklenburgh bought 24,461 shares of the company’s stock in a transaction that occurred on Thursday, April 23rd. The shares were acquired at an average price of GBX 1,332 per share, for a total transaction of £325,820.52. Insiders have acquired a total of 31,834 shares of company stock valued at $42,647,394 in the last quarter. 2.89% of the stock is owned by insiders.

Softcat Stock Performance

Shares of Softcat stock opened at GBX 1,869 on Tuesday. The company has a quick ratio of 1.38, a current ratio of 1.25 and a debt-to-equity ratio of 13.07. Softcat has a twelve month low of GBX 1,083 and a twelve month high of GBX 1,960. The stock has a market cap of £3.67 billion, a price-to-earnings ratio of 26.66, a P/E/G ratio of 11.51 and a beta of 0.53. The company’s fifty day moving average is GBX 1,361.98 and its 200 day moving average is GBX 1,344.89.

Softcat (LON:SCT) last issued its quarterly earnings data on Wednesday, March 18th. The company reported GBX 36.10 earnings per share for the quarter. Softcat had a net margin of 8.06% and a return on equity of 45.16%. Sell-side analysts forecast that Softcat will post 60.72 EPS for the current 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.