Softcat plc (LON:SCT) Receives Consensus Recommendation of “Moderate Buy” from Brokerages

Shares of Softcat plc (LON:SCT) have earned a consensus recommendation of “Moderate Buy” from the nine brokerages that are currently covering the stock, Marketbeat reports. One analyst has rated the stock with a sell recommendation, one has assigned a hold recommendation and seven have issued a buy recommendation on the company. The average 1-year price target among brokerages that have covered the stock in the last year is GBX 1,908.89.

A number of research firms recently weighed in on SCT. Berenberg Bank reaffirmed a “buy” rating and set a GBX 1,900 target price on shares of Softcat in a report on Thursday, March 19th. Jefferies Financial Group decreased their target price on shares of Softcat from GBX 1,500 to GBX 1,210 and set a “hold” rating on the stock in a report on Thursday, March 19th. Finally, Shore Capital Group reaffirmed a “buy” rating on shares of Softcat in a report on Thursday, March 19th.

Insider Buying and Selling

In related news, insider Kathryn Mecklenburgh purchased 24,461 shares of the business’s stock in a transaction on Thursday, April 23rd. The stock was acquired at an average price of GBX 1,332 per share, with a total value of £325,820.52. Over the last three months, insiders have purchased 31,834 shares of company stock valued at $42,647,394. 2.89% of the stock is owned by insiders.

Softcat Stock Performance

Softcat stock opened at GBX 1,343 on Friday. The firm’s 50 day simple moving average is GBX 1,266.78 and its 200 day simple moving average is GBX 1,343.79. 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 firm has a market capitalization of £2.64 billion, a PE ratio of 19.16, a price-to-earnings-growth ratio of 11.51 and a beta of 0.53. Softcat has a 1-year low of GBX 1,083 and a 1-year high of GBX 1,960.

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