Deutsche Bank Aktiengesellschaft Issues Positive Forecast for Softcat (LON:SCT) Stock Price

Softcat (LON:SCT) had its target price hoisted by Deutsche Bank Aktiengesellschaft from GBX 1,700 to GBX 1,800 in a note issued to investors on Tuesday,Digital Look reports. The firm currently has a “buy” rating on the stock. Deutsche Bank Aktiengesellschaft’s target price would suggest a potential upside of 7.98% from the stock’s previous close.

SCT has been the topic of several other reports. Shore Capital Group reissued a “buy” rating on shares of Softcat in a research report on Thursday, March 19th. Jefferies Financial Group cut their target price on Softcat from GBX 1,500 to GBX 1,210 and set a “hold” rating on the stock in a research report on Thursday, March 19th. Finally, Berenberg Bank upped their target price on Softcat from GBX 1,900 to GBX 1,950 and gave the company a “buy” rating in a research report on Tuesday. Seven research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat, Softcat presently has an average rating of “Moderate Buy” and a consensus price target of GBX 1,903.33.

Softcat Price Performance

LON SCT opened at GBX 1,667 on Tuesday. The company has a debt-to-equity ratio of 13.07, a current ratio of 1.25 and a quick ratio of 1.38. The stock’s fifty day moving average price is GBX 1,309.82 and its 200 day moving average price is GBX 1,337.14. Softcat has a 1 year low of GBX 1,083 and a 1 year high of GBX 1,960. The company has a market cap of £3.27 billion, a price-to-earnings ratio of 23.78, a PEG ratio of 11.51 and a beta of 0.53.

Softcat (LON:SCT) last released its 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 research analysts forecast that Softcat will post 60.72 earnings per share for the current year.

Insider Buying and Selling

In other Softcat news, insider Kathryn Mecklenburgh purchased 7,352 shares of the stock in a transaction on Monday, April 27th. The shares were bought at an average cost of GBX 1,365 per share, with a total value of £100,354.80. Insiders have acquired 31,834 shares of company stock valued at $42,647,394 over the last 90 days. 2.89% of the stock is currently owned by corporate insiders.

About Softcat

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.