Softcat (LON:SCT) Hits New 52-Week Low – Time to Sell?

Softcat plc (LON:SCT)’s stock price reached a new 52-week low during trading on Wednesday . The company traded as low as GBX 1,337.29 and last traded at GBX 1,340, with a volume of 88902 shares trading hands. The stock had previously closed at GBX 1,374.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on the company. JPMorgan Chase & Co. upgraded Softcat to an “overweight” rating and increased their price target for the stock from GBX 2,820 to GBX 2,950 in a research report on Thursday, December 4th. UBS Group reaffirmed a “sell” rating and set a GBX 1,400 target price on shares of Softcat in a research note on Friday, October 17th. Shore Capital Group reissued a “buy” rating and issued a GBX 1,925 price target on shares of Softcat in a research note on Wednesday, October 22nd. Peel Hunt reissued a “buy” rating and issued a GBX 2,135 price target on shares of Softcat in a report on Tuesday, November 18th. Finally, Jefferies Financial Group increased their price objective on shares of Softcat from GBX 1,400 to GBX 1,450 and gave the company an “underperform” rating in a report on Thursday, October 23rd. Six analysts have rated the stock with a Buy rating, one has issued a Hold rating and two have assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of GBX 1,902.22.

Softcat Stock Performance

The company has a market cap of £2.39 billion, a price-to-earnings ratio of 18.29, a PEG ratio of 11.51 and a beta of 0.71. The firm’s 50 day simple moving average is GBX 1,419.97 and its 200-day simple moving average is GBX 1,512.07. The company has a debt-to-equity ratio of 3.48, a quick ratio of 1.38 and a current ratio of 1.60.

Insider Transactions at Softcat

In other news, insider Graham Charlton sold 15,919 shares of Softcat stock in a transaction on Friday, December 12th. The stock was sold at an average price of GBX 1,456, for a total transaction of £231,780.64. Also, insider Graeme Watt sold 20,213 shares of the business’s stock in a transaction dated Thursday, December 11th. The shares were sold at an average price of GBX 1,429, for a total transaction of £288,843.77. In the last quarter, insiders sold 46,069 shares of company stock valued at $66,262,414. 2.87% of the stock is owned by insiders.

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.