Softcat plc (LON:SCT) Given Average Rating of “Hold” by Brokerages

Softcat plc (LON:SCT) has earned an average recommendation of “Hold” from the nine ratings firms that are currently covering the stock, Marketbeat.com reports. Two analysts have rated the stock with a sell recommendation, one has assigned a hold recommendation and six have issued a buy recommendation on the company. The average 1-year target price among brokerages that have issued ratings on the stock in the last year is GBX 1,902.22.

Several equities research analysts have issued reports on SCT shares. Peel Hunt reaffirmed a “buy” rating and set a GBX 2,135 target price on shares of Softcat in a research note on Tuesday, November 18th. JPMorgan Chase & Co. raised shares of Softcat to an “overweight” rating and raised their price target for the stock from GBX 2,820 to GBX 2,950 in a research note on Thursday, December 4th.

Softcat Stock Down 2.7%

LON SCT opened at GBX 1,102 on Thursday. The company has a quick ratio of 1.38, a current ratio of 1.60 and a debt-to-equity ratio of 3.48. Softcat has a 52 week low of GBX 1,092 and a 52 week high of GBX 1,960. The company has a market capitalization of £2.18 billion, a P/E ratio of 16.65, a price-to-earnings-growth ratio of 11.51 and a beta of 0.71. The stock’s 50-day moving average price is GBX 1,350.04 and its 200-day moving average price is GBX 1,473.77.

Insider Buying and Selling

In other news, insider Graham Charlton sold 15,919 shares of the business’s stock in a transaction that occurred on Friday, December 12th. The stock was sold at an average price of GBX 1,456, for a total transaction of £231,780.64. Also, insider Graeme Watt sold 20,213 shares of the company’s stock in a transaction that occurred on Thursday, December 11th. The shares were sold at an average price of GBX 1,429, for a total value of £288,843.77. Over the last three months, insiders acquired 47 shares of company stock worth $59,452 and sold 46,069 shares worth $66,262,414. Company insiders own 2.87% 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.