Softcat plc (LON:SCT) Receives GBX 1,902.22 Consensus Target Price from Analysts

Softcat plc (LON:SCT) has been given an average recommendation of “Hold” by the nine analysts that are presently covering the stock, MarketBeat.com reports. Two equities research analysts have rated the stock with a sell recommendation, one has issued a hold recommendation and six have issued a buy recommendation on the company. The average 12 month price target among analysts that have covered the stock in the last year is GBX 1,902.22.

SCT has been the topic of a number of research reports. JPMorgan Chase & Co. upgraded Softcat to an “overweight” rating and raised their price target for the stock from GBX 2,820 to GBX 2,950 in a research note on Thursday, December 4th. Deutsche Bank Aktiengesellschaft raised Softcat to a “buy” rating and increased their price objective for the company from GBX 1,830 to GBX 1,900 in a report on Thursday, October 23rd. Peel Hunt reaffirmed a “buy” rating and issued a GBX 2,135 target price on shares of Softcat in a report on Tuesday, November 18th. Jefferies Financial Group upped their price target on shares of Softcat from GBX 1,400 to GBX 1,450 and gave the company an “underperform” rating in a research report on Thursday, October 23rd. Finally, UBS Group reiterated a “sell” rating and set a GBX 1,400 price target on shares of Softcat in a research note on Friday, October 17th.

Insider Transactions at Softcat

In related news, insider Graham Charlton sold 15,919 shares of the firm’s stock in a transaction dated 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 value of £288,843.77. In the last three months, insiders have sold 46,069 shares of company stock worth $66,262,414. Corporate insiders own 2.81% of the company’s stock.

Softcat Price Performance

Shares of LON:SCT opened at GBX 1,376 on Wednesday. Softcat has a 12 month low of GBX 1,358 and a 12 month high of GBX 1,960. The firm has a market capitalization of £2.74 billion, a P/E ratio of 20.79, a P/E/G ratio of 11.51 and a beta of 0.71. The company has a debt-to-equity ratio of 3.48, a current ratio of 1.60 and a quick ratio of 1.38. The company’s fifty day moving average price is GBX 1,453.78 and its 200 day moving average price is GBX 1,554.64.

Softcat (LON:SCT) last issued its quarterly earnings data on Wednesday, October 22nd. The company reported GBX 69.50 earnings per share (EPS) for the quarter. Softcat had a return on equity of 43.79% and a net margin of 12.37%. 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.