Softcat (LON:SCT) Given “Hold” Rating at Jefferies Financial Group

Softcat (LON:SCT)‘s stock had its “hold” rating reiterated by equities researchers at Jefferies Financial Group in a note issued to investors on Thursday,London Stock Exchange reports. They presently have a GBX 1,700 target price on the stock. Jefferies Financial Group’s price objective points to a potential downside of 4.91% from the stock’s previous close.

A number of other equities research analysts have also recently issued reports on SCT. Royal Bank Of Canada cut shares of Softcat to a “neutral” rating and upped their target price for the company from GBX 1,550 to GBX 1,950 in a report on Monday, June 15th. Shore Capital Group reiterated a “buy” rating on shares of Softcat in a report on Thursday, March 19th. Berenberg Bank boosted their price target on Softcat from GBX 1,900 to GBX 1,950 and gave the stock a “buy” rating in a research report on Tuesday, May 26th. Finally, Deutsche Bank Aktiengesellschaft boosted their price target on Softcat from GBX 1,700 to GBX 1,800 and gave the stock a “buy” rating in a research report on Tuesday, May 26th. Seven investment analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of GBX 1,957.

Softcat Stock Performance

Shares of SCT stock opened at GBX 1,787.83 on Thursday. The stock has a market cap of £3.51 billion, a P/E ratio of 25.50, a P/E/G ratio of 11.51 and a beta of 0.58. The company has a debt-to-equity ratio of 13.07, a current ratio of 1.25 and a quick ratio of 1.38. The company has a fifty day moving average price of GBX 1,566.23 and a two-hundred day moving average price of GBX 1,390.73. Softcat has a one year low of GBX 1,083 and a one year high of GBX 1,913.

Insider Buying and Selling

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 purchased at an average cost of GBX 1,332 per share, for a total transaction of £325,820.52. Insiders have acquired 31,850 shares of company stock worth $42,677,746 over the last three months. Insiders own 2.91% 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.