Softcat’s (SCT) “Buy” Rating Reiterated at Peel Hunt

Peel Hunt reissued their buy rating on shares of Softcat (LON:SCT) in a research note published on Tuesday, Marketbeat.com reports. They currently have a GBX 2,135 price objective on the stock.

A number of other research analysts have also issued reports on the stock. JPMorgan Chase & Co. reiterated a “neutral” rating on shares of Softcat in a research note on Thursday, September 11th. Deutsche Bank Aktiengesellschaft upgraded shares of Softcat to a “buy” rating and upped their price target for the company from GBX 1,830 to GBX 1,900 in a report on Thursday, October 23rd. UBS Group reiterated a “sell” rating and issued a GBX 1,400 price objective on shares of Softcat in a research note on Friday, October 17th. Liberum Capital upgraded Softcat to a “buy” rating and set a GBX 1,800 target price for the company in a research note on Thursday, July 24th. Finally, Shore Capital reaffirmed a “buy” rating and issued a GBX 1,925 target price on shares of Softcat in a report on Wednesday, October 22nd. Five research 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’s stock. Based on data from MarketBeat, Softcat presently has an average rating of “Hold” and a consensus price target of GBX 1,769.89.

Softcat Price Performance

LON SCT opened at GBX 1,420 on Tuesday. Softcat has a fifty-two week low of GBX 1,411 and a fifty-two week high of GBX 1,960. The stock’s 50-day moving average is GBX 1,554.33 and its two-hundred day moving average is GBX 1,644.32. The firm has a market cap of £2.83 billion, a P/E ratio of 21.45, a price-to-earnings-growth 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 issued its quarterly earnings data on Wednesday, October 22nd. The company reported GBX 69.50 EPS for the quarter. Softcat had a return on equity of 43.79% and a net margin of 12.37%. On average, analysts anticipate 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.