Softcat plc (LON:SCT) Receives GBX 1,957.78 Average Target Price from Analysts

Shares of Softcat plc (LON:SCT) have been given an average rating of “Moderate Buy” by the nine brokerages that are currently covering the firm, Marketbeat Ratings reports. One investment 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 objective among brokers that have issued a report on the stock in the last year is GBX 1,957.78.

Several research analysts have recently weighed in on the company. Berenberg Bank lifted their price objective on Softcat from GBX 1,900 to GBX 1,950 and gave the stock a “buy” rating in a research report on Tuesday, May 26th. Deutsche Bank Aktiengesellschaft raised their target price on Softcat from GBX 1,700 to GBX 1,800 and gave the company a “buy” rating in a research note on Tuesday, May 26th. Shore Capital Group restated a “buy” rating on shares of Softcat in a research note on Thursday, March 19th. Finally, Jefferies Financial Group restated a “hold” rating and issued a GBX 1,700 target price on shares of Softcat in a research note on Wednesday, May 27th.

Softcat Stock Performance

SCT stock opened at GBX 1,897 on Tuesday. The stock has a 50-day moving average price of GBX 1,427.12 and a 200-day moving average price of GBX 1,359.68. Softcat has a 1-year low of GBX 1,083 and a 1-year high of GBX 1,960. 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 cap of £3.72 billion, a PE ratio of 27.06, a price-to-earnings-growth ratio of 11.51 and a beta of 0.58.

Softcat (LON:SCT) last posted its quarterly earnings data on Wednesday, March 18th. The company reported GBX 36.10 earnings per share 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 expect that Softcat will post 60.72 earnings per share for the current year.

Insider Activity at Softcat

In other news, insider Kathryn Mecklenburgh bought 7,352 shares of Softcat stock in a transaction dated Monday, April 27th. The stock was bought at an average cost of GBX 1,365 per share, for a total transaction of £100,354.80. In the last three months, insiders bought 31,834 shares of company stock valued at $42,647,394. Company insiders own 2.91% 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.