Softcat’s (SCT) “Hold” Rating Reiterated at Jefferies Financial Group

Softcat (LON:SCT – Get Free Report)‘s stock had its “hold” rating reaffirmed by stock 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 objective suggests a potential downside of 3.95% from the company’s previous close.

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

Read Our Latest Research Report on Softcat

Softcat Trading Down 8.0%

SCT traded down GBX 154 during trading on Wednesday, hitting GBX 1,770. The company’s stock had a trading volume of 1,543,183 shares, compared to its average volume of 1,785,993. Softcat has a twelve month low of GBX 1,083 and a twelve month high of GBX 2,134. The company has a quick ratio of 1.38, a current ratio of 1.25 and a debt-to-equity ratio of 13.07. The stock’s fifty day moving average price is GBX 1,943.73 and its 200-day moving average price is GBX 1,734.73. The firm has a market capitalization of £3.81 billion, a P/E ratio of 25.25, a PEG ratio of 11.51 and a beta of 0.58.

Softcat (LON:SCT – Get Free Report) last posted its quarterly earnings results on Wednesday, October 14th. The company reported GBX 75.80 earnings per share (EPS) for the quarter. Softcat had a return on equity of 45.16% and a net margin of 8.06%. Analysts anticipate that Softcat will post 60.72 EPS for the current year.

Insider Buying and Selling

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

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About Softcat

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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.

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Analyst Recommendations for Softcat (LON:SCT)

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