Brokerages Set Softcat plc (LON:SCT) PT at GBX 1,902.22

Shares of Softcat plc (LON:SCT) have earned an average rating of “Hold” from the nine ratings firms that are covering the stock, Marketbeat.com reports. Two research analysts have rated the stock with a sell recommendation, one has assigned a hold recommendation and six have issued a buy recommendation on the company. The average 1 year price objective among brokerages that have issued a report on the stock in the last year is GBX 1,902.22.

Several research analysts have recently issued reports on SCT shares. Jefferies Financial Group raised their target price on shares of Softcat from GBX 1,400 to GBX 1,450 and gave the company an “underperform” rating in a research note on Thursday, October 23rd. Shore Capital reaffirmed a “buy” rating and issued a GBX 1,925 price objective on shares of Softcat in a research note on Wednesday, October 22nd. Peel Hunt reiterated a “buy” rating and set a GBX 2,135 target price on shares of Softcat in a research report on Tuesday, November 18th. Deutsche Bank Aktiengesellschaft raised Softcat to a “buy” rating and increased their price target for the company from GBX 1,830 to GBX 1,900 in a research note on Thursday, October 23rd. Finally, JPMorgan Chase & Co. raised Softcat to an “overweight” rating and lifted their price objective for the stock from GBX 2,820 to GBX 2,950 in a research note on Thursday, December 4th.

Softcat Price Performance

Softcat stock opened at GBX 1,402 on Friday. The business’s 50-day simple moving average is GBX 1,429.98 and its 200 day simple moving average is GBX 1,525.09. The stock has a market cap of £2.80 billion, a price-to-earnings ratio of 21.18, a P/E/G ratio of 11.51 and a beta of 0.71. Softcat has a 12-month low of GBX 1,358 and a 12-month high of GBX 1,960. The company has a quick ratio of 1.38, a current ratio of 1.60 and a debt-to-equity ratio of 3.48.

Insider Activity

In other news, insider Graeme Watt sold 20,213 shares of the company’s stock in a transaction dated Thursday, December 11th. The stock was sold at an average price of GBX 1,429, for a total value of £288,843.77. Also, insider Graham Charlton sold 15,919 shares of the stock in a transaction that occurred on Friday, December 12th. The shares were sold at an average price of GBX 1,456, for a total transaction of £231,780.64. Insiders have sold a total of 46,069 shares of company stock valued at $66,262,414 over the last 90 days. Corporate insiders own 2.81% of the company’s stock.

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.