Softcat (LON:SCT) Reaches New 52-Week Low – Should You Sell?

Softcat plc (LON:SCT) reached a new 52-week low during mid-day trading on Friday . The stock traded as low as GBX 1,420 and last traded at GBX 1,444, with a volume of 1785389 shares trading hands. The stock had previously closed at GBX 1,447.

Analyst Ratings Changes

A number of analysts have recently commented on the company. UBS Group reiterated a “sell” rating and set a GBX 1,400 target price on shares of Softcat in a research report on Friday, October 17th. JPMorgan Chase & Co. reissued a “neutral” rating on shares of Softcat in a research note on Thursday, September 11th. Citigroup cut their price target on shares of Softcat from GBX 2,000 to GBX 1,960 and set a “buy” rating for the company in a report on Tuesday, August 19th. Deutsche Bank Aktiengesellschaft raised Softcat to a “buy” rating and lifted their price objective for the stock from GBX 1,830 to GBX 1,900 in a report on Thursday, October 23rd. Finally, Shore Capital reaffirmed a “buy” rating and set a GBX 1,925 price target on shares of Softcat in a research note on Wednesday, October 22nd. Four research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat, Softcat presently has a consensus rating of “Hold” and an average price target of GBX 1,724.25.

Softcat Stock Performance

The stock has a 50-day moving average price of GBX 1,571.73 and a 200 day moving average price of GBX 1,652.71. The firm has a market cap of £2.88 billion, a PE ratio of 21.81, a P/E/G ratio of 11.51 and a beta of 0.71. The company has a debt-to-equity ratio of 3.48, a current ratio of 1.60 and a quick ratio of 1.38.

Softcat (LON:SCT) last posted its quarterly earnings data on Wednesday, October 22nd. The company reported GBX 69.50 EPS for the quarter. Softcat had a net margin of 12.37% and a return on equity of 43.79%. Research analysts forecast that Softcat plc will post 60.72 earnings per share for the current 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.