Softcat plc (LON:SCT – Get Free Report) has been given an average recommendation of “Moderate Buy” by the seven analysts that are covering the firm, Marketbeat.com reports. Three investment analysts have rated the stock with a hold recommendation and four have given a buy recommendation to the company. The average 12-month target price among brokerages that have updated their coverage on the stock in the last year is GBX 2,104.17.
Several equities analysts have commented on SCT shares. JPMorgan Chase & Co. increased their target price on Softcat from GBX 1,950 to GBX 2,300 and gave the company an “overweight” rating in a research report on Monday, September 7th. Jefferies Financial Group restated a “hold” rating and set a GBX 1,700 price target on shares of Softcat in a report on Wednesday, October 14th. Deutsche Bank Aktiengesellschaft cut Softcat to a “hold” rating and boosted their price target for the stock from GBX 1,800 to GBX 2,140 in a report on Wednesday, August 26th. Finally, Berenberg Bank reaffirmed a “buy” rating and issued a GBX 2,400 price objective on shares of Softcat in a research note on Friday, October 16th.
Get Our Latest Analysis on Softcat
Insider Buying and Selling at Softcat
In other Softcat news, insider Mayank Prakash bought 2,645 shares of Softcat stock in a transaction on Friday, October 16th. The shares were purchased at an average cost of GBX 1,890 per share, with a total value of £49,990.50. Also, insider Graeme Watt purchased 5,291 shares of the firm’s stock in a transaction on Friday, October 16th. The stock was acquired at an average price of GBX 1,890 per share, with a total value of £99,999.90. Insiders acquired 12,801 shares of company stock worth $24,216,354 over the last quarter. Insiders own 2.91% of the company’s stock.
Softcat Stock Performance
LON SCT opened at GBX 1,555 on Friday. The firm’s fifty day moving average price is GBX 1,828.90 and its two-hundred day moving average price is GBX 1,612.83. The stock has a market cap of £3.34 billion, a PE ratio of 22.18, a PEG ratio of 11.51 and a beta of 0.60. The company has a debt-to-equity ratio of 10.41, a quick ratio of 1.38 and a current ratio of 1.39. Softcat has a fifty-two week low of GBX 1,083 and a fifty-two week high of GBX 2,134.
Softcat (LON:SCT – Get Free Report) last announced its quarterly earnings results on Wednesday, October 14th. The company reported GBX 75.80 EPS for the quarter. Softcat had a return on equity of 46.24% and a net margin of 7.61%. On average, equities analysts expect 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.
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