Softcat plc (LON:SCT) Given Average Rating of “Moderate Buy” by Analysts

Softcat plc (LON:SCT) has received a consensus rating of “Moderate Buy” from the nine analysts that are presently covering the firm, Marketbeat Ratings reports. One research analyst has rated the stock with a sell recommendation, one has assigned a hold recommendation and seven have assigned a buy recommendation to the company. The average 1-year price objective among brokerages that have issued a report on the stock in the last year is GBX 1,957.78.

A number of brokerages have recently issued reports on SCT. Deutsche Bank Aktiengesellschaft lifted their price target on Softcat from GBX 1,700 to GBX 1,800 and gave the company a “buy” rating in a research report on Tuesday, May 26th. Jefferies Financial Group reiterated a “hold” rating and set a GBX 1,700 price target on shares of Softcat in a research report on Wednesday, May 27th. Shore Capital Group reiterated a “buy” rating on shares of Softcat in a research report on Thursday, March 19th. Finally, Berenberg Bank lifted their price target on Softcat from GBX 1,900 to GBX 1,950 and gave the company a “buy” rating in a research report on Tuesday, May 26th.

Softcat Stock Performance

Shares of SCT opened at GBX 1,872 on Tuesday. The company has a market cap of £3.67 billion, a PE ratio of 26.70, a price-to-earnings-growth ratio of 11.51 and a beta of 0.58. The company has a current ratio of 1.25, a quick ratio of 1.38 and a debt-to-equity ratio of 13.07. The stock has a 50-day moving average price of GBX 1,413.60 and a 200-day moving average price of GBX 1,357.01. Softcat has a 12-month low of GBX 1,083 and a 12-month high of GBX 1,960.

Softcat (LON:SCT) last issued its quarterly earnings results on Wednesday, March 18th. The company reported GBX 36.10 earnings per share (EPS) for the quarter. Softcat had a return on equity of 45.16% and a net margin of 8.06%. As a group, equities analysts forecast that Softcat will post 60.72 earnings per share for the current fiscal year.

Insider Buying and Selling at Softcat

In other news, insider Kathryn Mecklenburgh acquired 24,461 shares of the firm’s stock in a transaction that occurred on Thursday, April 23rd. The shares were bought at an average cost of GBX 1,332 per share, with a total value of £325,820.52. Over the last 90 days, insiders bought 31,834 shares of company stock worth $42,647,394. Company insiders own 2.89% 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.