Softcat (LON:SCT) Reaches New 12-Month High – Still a Buy?

Softcat plc (LON:SCT) shares reached a new 52-week high on Tuesday . The company traded as high as GBX 1,978 and last traded at GBX 1,976, with a volume of 360262 shares traded. The stock had previously closed at GBX 1,930.

Analyst Ratings Changes

SCT has been the topic of a number of research analyst reports. Royal Bank Of Canada downgraded Softcat to a “neutral” rating and boosted their target price for the stock from GBX 1,550 to GBX 1,950 in a research report on Monday, June 15th. Berenberg Bank boosted their price objective on shares of Softcat from GBX 1,900 to GBX 1,950 and gave the stock a “buy” rating in a research report on Tuesday, May 26th. Jefferies Financial Group reissued a “hold” rating and issued a GBX 1,700 price objective on shares of Softcat in a research note on Thursday, June 25th. Finally, Deutsche Bank Aktiengesellschaft lifted their target price on shares of Softcat from GBX 1,700 to GBX 1,800 and gave the stock a “buy” rating in a research report on Tuesday, May 26th. Six equities research analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, Softcat presently has a consensus rating of “Moderate Buy” and an average target price of GBX 1,974.44.

Softcat Trading Up 1.8%

The company has a debt-to-equity ratio of 13.07, a current ratio of 1.25 and a quick ratio of 1.38. The firm has a market cap of £3.86 billion, a price-to-earnings ratio of 28.02, a price-to-earnings-growth ratio of 11.51 and a beta of 0.58. The business’s 50-day moving average price is GBX 1,805.34 and its two-hundred day moving average price is GBX 1,464.18.

Softcat Company Profile

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.