Softcat (LON:SCT) Reaches New 12-Month Low – Here’s What Happened

Softcat plc (LON:SCT) hit a new 52-week low during mid-day trading on Friday . The stock traded as low as GBX 1,420 and last traded at GBX 1,444, with a volume of 1785389 shares changing hands. The stock had previously closed at GBX 1,447.

Analyst Ratings Changes

SCT has been the topic of several research reports. Citigroup reduced their price objective on Softcat from GBX 2,000 to GBX 1,960 and set a “buy” rating on the stock in a research note on Tuesday, August 19th. Liberum Capital raised Softcat to a “buy” rating and set a GBX 1,800 price target on the stock in a research report on Thursday, July 24th. Shore Capital reiterated a “buy” rating and set a GBX 1,925 price objective on shares of Softcat in a research note on Wednesday, October 22nd. Jefferies Financial Group upped their target price on shares of Softcat from GBX 1,400 to GBX 1,450 and gave the company an “underperform” rating in a research note on Thursday, October 23rd. Finally, UBS Group reiterated a “sell” rating and issued a GBX 1,400 price objective on shares of Softcat in a report on Friday, October 17th. Four analysts have rated the stock with a Buy rating, two have issued a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of GBX 1,724.25.

Softcat Stock Down 0.2%

The company has a current ratio of 1.60, a quick ratio of 1.38 and a debt-to-equity ratio of 3.48. The stock has a market capitalization of £2.88 billion, a P/E ratio of 21.81, a P/E/G ratio of 11.51 and a beta of 0.71. The stock’s 50 day simple moving average is GBX 1,571.73 and its 200 day simple moving average is GBX 1,652.71.

Softcat (LON:SCT) last issued its earnings results 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%. As a group, research analysts predict that Softcat plc will post 60.72 EPS 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.