Softcat (LON:SCT) Hits New 52-Week Low – Here’s What Happened

Softcat plc (LON:SCT) reached a new 52-week low during mid-day trading on Thursday . The company traded as low as GBX 1,411 and last traded at GBX 1,417, with a volume of 693343 shares. The stock had previously closed at GBX 1,421.

Analyst Ratings Changes

Several research firms have commented on SCT. Deutsche Bank Aktiengesellschaft raised Softcat to a “buy” rating and upped their price objective for the company from GBX 1,830 to GBX 1,900 in a research note on Thursday, October 23rd. Shore Capital reissued a “buy” rating and issued a GBX 1,925 target price on shares of Softcat in a report on Wednesday, October 22nd. Jefferies Financial Group increased their price target on Softcat from GBX 1,400 to GBX 1,450 and gave the stock an “underperform” rating in a report on Thursday, October 23rd. Citigroup lowered their price objective on shares of Softcat from GBX 2,000 to GBX 1,960 and set a “buy” rating on the stock in a research report on Tuesday, August 19th. Finally, UBS Group reissued a “sell” rating and issued a GBX 1,400 price objective on shares of Softcat in a research note on Friday, October 17th. Five analysts have rated the stock with a Buy rating, two have assigned a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of GBX 1,769.89.

Softcat Price Performance

The company has a debt-to-equity ratio of 3.48, a quick ratio of 1.38 and a current ratio of 1.60. The stock’s fifty day moving average price is GBX 1,550.73 and its 200-day moving average price is GBX 1,642.29. The firm has a market cap of £2.84 billion, a PE ratio of 21.50, a P/E/G ratio of 11.51 and a beta of 0.71.

Softcat (LON:SCT) last posted its quarterly 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%. As a group, equities analysts forecast that Softcat plc will post 60.72 EPS 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.