Jefferies Financial Group Lowers Softcat (LON:SCT) Price Target to GBX 1,210

Softcat (LON:SCT) had its target price reduced by Jefferies Financial Group from GBX 1,500 to GBX 1,210 in a research report issued to clients and investors on Thursday,London Stock Exchange reports. The brokerage currently has a “hold” rating on the stock. Jefferies Financial Group’s price objective suggests a potential downside of 2.89% from the company’s current price.

Other analysts have also issued reports about the company. Shore Capital Group restated a “buy” rating on shares of Softcat in a research note on Thursday. JPMorgan Chase & Co. raised shares of Softcat to an “overweight” rating and increased their price objective for the stock from GBX 2,820 to GBX 2,950 in a report on Thursday, December 4th. Six analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of GBX 1,910.

Softcat Price Performance

Shares of SCT traded down GBX 10 on Thursday, hitting GBX 1,246. The company’s stock had a trading volume of 46,924,363 shares, compared to its average volume of 4,152,085. The company has a market capitalization of £2.45 billion, a PE ratio of 18.82, a PEG ratio of 11.51 and a beta of 0.62. Softcat has a fifty-two week low of GBX 1,083 and a fifty-two week high of GBX 1,960. The company has a 50 day moving average price of GBX 1,260.17 and a 200 day moving average price of GBX 1,424.14. The company has a debt-to-equity ratio of 10.39, a current ratio of 1.28 and a quick ratio of 1.38.

Softcat (LON:SCT) last released its quarterly earnings results on Wednesday, March 18th. The company reported GBX 36.10 earnings per share for the quarter. Softcat had a return on equity of 42.93% and a net margin of 9.12%. On average, research analysts anticipate 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.