Softcat (LON:SCT) Stock Rating Lowered by Royal Bank Of Canada

Softcat (LON:SCT) was downgraded by Royal Bank Of Canada to a “neutral” rating in a research note issued to investors on Monday,London Stock Exchange reports. They currently have a GBX 1,950 price objective on the stock, up from their prior price objective of GBX 1,550. Royal Bank Of Canada’s price target indicates a potential upside of 9.00% from the company’s previous close.

Several other equities analysts also recently issued reports on SCT. Shore Capital Group restated a “buy” rating on shares of Softcat in a report on Thursday, March 19th. Berenberg Bank boosted their target price 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. Deutsche Bank Aktiengesellschaft upped their target price on Softcat from GBX 1,700 to GBX 1,800 and gave the company a “buy” rating in a research report on Tuesday, May 26th. Finally, Jefferies Financial Group reiterated a “hold” rating and issued a GBX 1,700 price target on shares of Softcat in a report on Wednesday, May 27th. Seven analysts have rated the stock with a Buy rating, two have given a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of GBX 1,957.

Softcat Stock Up 0.5%

SCT stock traded up GBX 9 during trading on Monday, reaching GBX 1,789. 828,130 shares of the company traded hands, compared to its average volume of 2,426,966. The business has a 50 day simple moving average of GBX 1,489.18 and a 200 day simple moving average of GBX 1,374.22. Softcat has a 12 month low of GBX 1,083 and a 12 month high of GBX 1,960. 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 £3.51 billion, a price-to-earnings ratio of 25.52, a price-to-earnings-growth ratio of 11.51 and a beta of 0.58.

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 net margin of 8.06% and a return on equity of 45.16%. On average, equities research analysts anticipate that Softcat will post 60.72 earnings per share for the current fiscal year.

Insiders Place Their Bets

In related news, insider Kathryn Mecklenburgh acquired 24,461 shares of the firm’s stock in a transaction on Thursday, April 23rd. The shares were acquired at an average cost of GBX 1,332 per share, with a total value of £325,820.52. Insiders have acquired 31,850 shares of company stock worth $42,677,746 in the last ninety days. Corporate insiders own 2.91% of the company’s stock.

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.