Softcat plc (LON:SCT) Given Consensus Recommendation of “Moderate Buy” by Analysts

Softcat plc (LON:SCT) has been assigned an average recommendation of “Moderate Buy” from the nine ratings firms that are presently covering the stock, Marketbeat reports. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and seven have given a buy rating to the company. The average 12 month price target among analysts that have issued a report on the stock in the last year is GBX 1,908.89.

Several research firms recently weighed in on SCT. Jefferies Financial Group reduced their price target on shares of Softcat from GBX 1,500 to GBX 1,210 and set a “hold” rating for the company in a research report on Thursday, March 19th. Berenberg Bank restated a “buy” rating and set a GBX 1,900 price target on shares of Softcat in a research report on Thursday, March 19th. Finally, Shore Capital Group reaffirmed a “buy” rating on shares of Softcat in a report on Thursday, March 19th.

Softcat Price Performance

SCT opened at GBX 1,320 on Monday. The firm has a market cap of £2.59 billion, a P/E ratio of 18.83, a PEG ratio of 11.51 and a beta of 0.48. The firm has a 50-day moving average of GBX 1,183.65 and a 200 day moving average of GBX 1,368.89. The company has a debt-to-equity ratio of 13.07, a quick ratio of 1.38 and a current ratio of 1.25. Softcat has a fifty-two week low of GBX 1,083 and a fifty-two week high of GBX 1,960.

Softcat (LON:SCT) last posted its quarterly earnings results 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%. On average, research analysts expect 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. 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.