Softcat (LON:SCT) Sets New 52-Week Low – What’s Next?

Softcat plc (LON:SCT) shares hit a new 52-week low on Tuesday. The company traded as low as GBX 692.96 and last traded at GBX 1,712.73, with a volume of 539,789 shares changing hands. The stock had previously closed at GBX 1,720.

Analyst Ratings Changes

A number of analysts have recently issued reports on SCT shares. JPMorgan Chase & Co. lifted their price objective on shares of Softcat from GBX 1,950 to GBX 2,300 and gave the company an “overweight” rating in a report on Monday, September 7th. Jefferies Financial Group reaffirmed a “hold” rating and set a GBX 1,700 target price on shares of Softcat in a report on Wednesday, October 14th. Deutsche Bank Aktiengesellschaft downgraded Softcat to a “hold” rating and upped their target price for the company from GBX 1,800 to GBX 2,140 in a research report on Wednesday, August 26th. Finally, Berenberg Bank reiterated a “buy” rating and set a GBX 2,400 target price on shares of Softcat in a research note on Friday. Four analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. Based on data from MarketBeat, Softcat presently has an average rating of “Moderate Buy” and a consensus price target of GBX 2,078.57.

Softcat Stock Down 0.4%

The stock has a 50-day moving average of GBX 1,924.01 and a 200-day moving average of GBX 1,749.88. The company has a debt-to-equity ratio of 10.41, a current ratio of 1.39 and a quick ratio of 1.38. The firm has a market cap of £3.68 billion, a price-to-earnings ratio of 24.43, a P/E/G ratio of 11.51 and a beta of 0.58.

Softcat (LON:SCT) last announced its quarterly earnings data on Wednesday, October 14th. The company reported GBX 75.80 earnings per share for the quarter. Softcat had a return on equity of 46.24% and a net margin of 7.61%. Sell-side analysts predict that Softcat plc will post 60.72 EPS for the current fiscal year.

Insider Activity at Softcat

In related news, insider Graham Charlton purchased 529 shares of the company’s stock in a transaction that occurred on Friday, October 16th. The stock was acquired at an average price of GBX 1,890 per share, with a total value of £9,998.10. Also, insider Robyn Perriss acquired 1,058 shares of the business’s stock in a transaction that occurred on Friday, October 16th. The shares were purchased at an average cost of GBX 1,890 per share, with a total value of £19,996.20. Insiders acquired a total of 12,816 shares of company stock worth $24,246,219 in the last quarter. 2.91% 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.