Softcat (LON:SCT) Given Buy Rating at Peel Hunt

Softcat (LON:SCT)‘s stock had its “buy” rating restated by research analysts at Peel Hunt in a research note issued on Tuesday, MarketBeat Ratings reports. They currently have a GBX 2,135 target price on the stock. Peel Hunt’s price objective suggests a potential upside of 50.46% from the stock’s previous close.

Several other brokerages have also issued reports on SCT. Liberum Capital raised shares of Softcat to a “buy” rating and set a GBX 1,800 price objective on the stock in a report on Thursday, July 24th. Deutsche Bank Aktiengesellschaft raised Softcat to a “buy” rating and increased their target price for the company from GBX 1,830 to GBX 1,900 in a research report on Thursday, October 23rd. JPMorgan Chase & Co. reissued a “neutral” rating on shares of Softcat in a research report on Thursday, September 11th. Citigroup decreased their price objective on Softcat from GBX 2,000 to GBX 1,960 and set a “buy” rating for the company in a research note on Tuesday, August 19th. Finally, UBS Group reaffirmed a “sell” rating and set a GBX 1,400 price objective on shares of Softcat in a research report on Friday, October 17th. Five equities research analysts have rated the stock with a Buy rating, two have issued a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of GBX 1,769.89.

Softcat Stock Down 2.1%

Shares of Softcat stock traded down GBX 31 during trading on Tuesday, hitting GBX 1,419. 19,826,404 shares of the stock traded hands, compared to its average volume of 957,835. The company has a current ratio of 1.60, a quick ratio of 1.38 and a debt-to-equity ratio of 3.48. The stock’s fifty day simple moving average is GBX 1,565.67 and its 200 day simple moving average is GBX 1,649.58. The firm has a market cap of £2.83 billion, a P/E ratio of 21.44, a price-to-earnings-growth ratio of 11.51 and a beta of 0.71. Softcat has a 52-week low of GBX 1,417 and a 52-week high of GBX 1,960.

Softcat (LON:SCT) last issued its earnings results on Wednesday, October 22nd. The company reported GBX 69.50 earnings per share (EPS) for the quarter. Softcat had a net margin of 12.37% and a return on equity of 43.79%. On average, equities analysts predict that Softcat will post 60.72 earnings per share for the current fiscal year.

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.