Softcat (LON:SCT) Price Target Raised to GBX 2,300

Softcat (LON:SCT) had its price target boosted by JPMorgan Chase & Co. from GBX 1,950 to GBX 2,300 in a report released on Monday, MarketBeat Ratings reports. JPMorgan Chase & Co. currently has an overweight rating on the stock.

SCT has been the topic of a number of other research reports. Royal Bank Of Canada downgraded shares of Softcat to a “neutral” rating and raised their price target for the company from GBX 1,550 to GBX 1,950 in a report on Monday, June 15th. Berenberg Bank increased their price objective on shares of Softcat from GBX 1,900 to GBX 1,950 and gave the company a “buy” rating in a research report on Tuesday, May 26th. Jefferies Financial Group restated a “hold” rating and issued a GBX 1,700 target price on shares of Softcat in a report on Thursday, June 25th. Finally, Deutsche Bank Aktiengesellschaft downgraded shares of Softcat to a “hold” rating and lifted their target price for the stock from GBX 1,800 to GBX 2,140 in a research report on Wednesday, August 26th. Four analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and an average target price of GBX 1,937.50.

Softcat Price Performance

LON SCT opened at GBX 1,869 on Monday. Softcat has a one year low of GBX 1,083 and a one year high of GBX 2,134. The stock has a 50-day moving average of GBX 1,966.05 and a 200 day moving average of GBX 1,616.69. 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 company has a market capitalization of £3.67 billion, a price-to-earnings ratio of 26.66, a PEG ratio of 11.51 and a beta of 0.57.

Insider Transactions at Softcat

In other Softcat news, insider Kathryn Mecklenburgh purchased 176 shares of Softcat stock in a transaction dated Monday, September 7th. The stock was purchased at an average price of GBX 2,045 per share, with a total value of £3,599.20. Also, insider Graham Charlton acquired 176 shares of the 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. Over the last 90 days, insiders have acquired 382 shares of company stock valued at $778,745. Corporate insiders own 2.90% of the company’s stock.

Key Stories Impacting Softcat

Here are the key news stories impacting Softcat this week:

• Positive Sentiment: J.P. Morgan remains bullish: The bank reaffirmed its “Buy” and “Overweight” ratings and has raised its price target to GBX 2,300. That target is well above recent trading levels and signals confidence in Softcat’s earnings and growth outlook. J.P. Morgan Reaffirms Their Buy Rating on Softcat
• Positive Sentiment: Insider purchases offer a confidence signal: CEO Graham Charlton and insider Kathryn Mecklenburgh each bought 176 shares at GBX 2,045, worth approximately £3,599 per transaction. The purchases suggest management remains willing to invest at current valuations. Softcat Insider Buying
• Positive Sentiment: Profitability remains supportive: Reports highlighted strong first-half profit, reinforcing the case that Softcat’s core IT-reselling and infrastructure-services business continues to generate solid earnings momentum. Softcat Half-Year Profit Report
• Neutral Sentiment: Management received incentive awards: The CEO and CFO were granted shares under Softcat’s incentive arrangements. This aligns executives with shareholders, although future share issuance could create modest dilution. Softcat CEO and CFO Share Awards
• Negative Sentiment: Valuation and profit-taking may be limiting gains: Softcat trades at roughly 27 times earnings, while the consensus rating is “Hold” and the average analyst target is GBX 1,937.50. The stock’s muted reaction—even after strong results and insider buying—may indicate that investors had already priced in much of the good news or are taking profits after its substantial earlier advance.

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.