Softcat’s (SCT) “Buy” Rating Reiterated at Shore Capital Group

Shore Capital Group restated their buy rating on shares of Softcat (LON:SCT) in a report released on Thursday morning, MarketBeat Ratings reports.

Separately, JPMorgan Chase & Co. upgraded Softcat to an “overweight” rating and raised their price target for the company from GBX 2,820 to GBX 2,950 in a research note on Thursday, December 4th. Seven research analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of GBX 1,908.89.

Softcat Price Performance

Shares of LON SCT opened at GBX 1,234 on Thursday. The stock has a market capitalization of £2.42 billion, a price-to-earnings ratio of 18.64, a PEG ratio of 11.51 and a beta of 0.60. The business has a 50-day moving average of GBX 1,250.85 and a 200-day moving average of GBX 1,419.10. The company has a debt-to-equity ratio of 13.07, a current ratio of 1.25 and a quick ratio of 1.38. 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 released its earnings results 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%. As a group, sell-side analysts predict that Softcat will post 60.72 earnings per share 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.