Softcat’s (SCT) Hold Rating Reaffirmed at Jefferies Financial Group

Softcat (LON:SCT)‘s stock had its “hold” rating reaffirmed by analysts at Jefferies Financial Group in a research report issued to clients and investors on Wednesday, Digital Look reports. They presently have a GBX 1,700 price objective on the stock. Jefferies Financial Group’s price target suggests a potential downside of 4.87% from the company’s previous close.

A number of other equities research analysts have also issued reports on the stock. Berenberg Bank increased their target price on shares of Softcat from GBX 1,950 to GBX 2,400 and gave the stock a “buy” rating in a report on Monday, September 21st. JPMorgan Chase & Co. raised their price target on shares of Softcat from GBX 1,950 to GBX 2,300 and gave the company an “overweight” rating in a research report on Monday, September 7th. Finally, Deutsche Bank Aktiengesellschaft downgraded shares of Softcat to a “hold” rating and boosted their price target for the stock from GBX 1,800 to GBX 2,140 in a research note on Wednesday, August 26th. Four equities research analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, Softcat presently has an average rating of “Hold” and a consensus target price of GBX 1,993.75.

Softcat Trading Down 7.1%

LON SCT opened at GBX 1,787 on Wednesday. The company has a debt-to-equity ratio of 13.07, a quick ratio of 1.38 and a current ratio of 1.25. The firm has a market cap of £3.84 billion, a price-to-earnings ratio of 25.49, a PEG ratio of 11.51 and a beta of 0.58. The firm has a 50 day simple moving average of GBX 1,943.73 and a 200-day simple moving average of GBX 1,734.73. Softcat has a one year low of GBX 1,083 and a one year high of GBX 2,134.

Insider Activity

In related news, insider Kathryn Mecklenburgh acquired 176 shares of the firm’s stock in a transaction dated Monday, September 7th. The stock was acquired at an average price of GBX 2,045 per share, for a total transaction of £3,599.20. Also, insider Graham Charlton acquired 176 shares of the stock in a transaction dated Monday, September 7th. The shares were bought at an average cost of GBX 2,045 per share, with a total value of £3,599.20. In the last 90 days, insiders have acquired 384 shares of company stock worth $749,739. 2.91% of the stock is owned by company 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.