Softcat (LON:SCT – Get Free Report)‘s stock had its “hold” rating restated by stock analysts at Jefferies Financial Group in a research note issued on Wednesday,Digital Look reports. They presently have a GBX 1,700 target price on the stock. Jefferies Financial Group’s price objective suggests a potential upside of 1.55% from the company’s previous close.
Several other equities analysts also recently issued reports on the company. Berenberg Bank lifted their price objective on Softcat from GBX 1,900 to GBX 1,950 and gave the company a “buy” rating in a research report on Tuesday. Shore Capital Group reiterated a “buy” rating on shares of Softcat in a research report on Thursday, March 19th. Finally, Deutsche Bank Aktiengesellschaft lifted their price objective on Softcat from GBX 1,700 to GBX 1,800 and gave the company a “buy” rating in a research report on Tuesday. Seven analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of GBX 1,957.78.
Softcat Stock Performance
Softcat (LON:SCT – Get Free Report) last issued its quarterly earnings data on Wednesday, March 18th. The company reported GBX 36.10 earnings per share (EPS) for the quarter. Softcat had a return on equity of 45.16% and a net margin of 8.06%. Analysts predict that Softcat will post 60.72 EPS for the current fiscal year.
Insider Buying and Selling at Softcat
In other news, insider Kathryn Mecklenburgh bought 7,352 shares of the company’s stock in a transaction dated Monday, April 27th. The stock was bought at an average price of GBX 1,365 per share, for a total transaction of £100,354.80. Insiders acquired a total of 31,834 shares of company stock worth $42,647,394 in the last ninety days. Insiders own 2.89% 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.
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